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California Public Employees Retirement System
Sacramento County, CA ,United States
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Carried Interest Tax Loophole Could Survive For Most
The White House doesn't want to close the carried interest tax loophole for private equity. Or for venture capital. Or for real estate partnerships. Or for oil and gas. Or timber. So rest easy, all of you fund managers who get nonsensical tax breaks on your fees for service. (Disclaimer: Unless you're a hedge fund manager who can't figure out how to recharacterize yourself as a private equity fund or pass-through entity). To be clear, I'm not reflecting actual tax ... Full investment news article
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University of Nebraska Foundation,
The Rise Of A.I. Is Sparking An International Arms Race
"Artificial intelligence is the future not only of Russia but of all of mankind ... Whoever becomes the leader in this sphere will become the ruler of the world," said Russian President Vladimir Putin to a group of students two weeks ago. Full investment news article