February 8, 2023

How reinsurers help hedge funds shelter taxes

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By Sonali Basak From Bloomberg It’s not the warm waters that have attracted so many corporations to places like Bermuda, the British Virgin Islands and the Cayman Islands. It’s how these havens help keep profits from tax collectors. To prevent U.S. companies from shifting earnings offshore, Republicans in the U.S. House of Representatives are weighing […]

Billionaire Dan Loeb applauds Trump Tactics: ‘Animal Spirits Matter’

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By F McGuire From Newsmax Activist hedge fund manager Dan Loeb applauds the vigor and enthusiasm the election of Donald Trump as president has injected into the financial markets. Loeb, who’s more than doubled the S&P 500’s return over the last two decades, told investors he doesn’t plan on missing out on the final portion […]