Hedge Fund Managers Shift Billions Over Carried Interest Concern

May 17th, 20189:05 am @

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David Tepper, who runs Appaloosa Management and may soon own the Carolina Panthers, and Ross Margolies, founder of Stelliam Investment Management, were among the managers who took action, according to regulatory filings and people familiar with their moves. They collectively shifted billions of dollars before Jan. 1, when a provision took effect requiring a longer holding period to qualify for the tax break on carried interest profits.

Article source: https://www.bloombergquint.com/politics/2018/05/17/hedge-fund-managers-shift-billions-over-carried-interest-concern