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Sell Private-Equity, Hedge Fund Stakes

The Federal Reserve on Thursday said it would give banks two more years to sell private equity and hedge fund stakes covered by the Volcker rule, a win for banks who had requested more time to unwind positions.

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vulture fund agentina

The battle with the hedge funds spreads to real life companies.

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Investor demand to take money out of hedge funds more than halved in January compared with the previous month, data on Friday showed, suggesting that market volatility has made the asset class more attractive.

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Collect Unpaid Taxes

Economists working for a group of hedge funds and other firms with major investments in Puerto Rican bonds said Sunday night that the government could solve its debt crisis largely by stepping up tax collections and obtaining additional financing over the next two years.

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