May
18
Hedge-fund land is totally bored with Obama’s latest attack
ByObama can bash hedge funds, but they won’t bat an eye.
Earlier this week, President Obama complained about how much hedge-fund managers make at a discussion on poverty at Georgetown University, and advocated for a higher tax on the fees they collect.
“The top 25 hedge fund managers made more than all the kindergarten teachers in the country,” he said. “If we can’t ask from society’s lottery winners to just make that modest investment, then, really, this conversation is for show.”…