Panama Papers Reveal Yet Another Secretive Aspect Of Hedge Funds

The Panama Papers show how some offshore companies were used by hedge funds and their customers to invest in so-called feeder funds that, in turn, directed the money into other investment funds.

NEW YORK — The kinds of secret offshore companies that have hidden political corruption and tax evasion around the world are often used by Wall Street's biggest money makers — the $2 trillion hedge fund industry. The now-famous Panama Papers leak offers rare insight into the workings of this exclusive investment club. Hedge funds accept individual…

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