May 17, 2007

Senate Panel May Examine Hedge-Fund Rules

By Peter Panepento

The Senate Finance Committee has started private discussions about whether to change the tax rules for some types of hedge funds — a development that could affect the makeup of endowments at some of the country's largest foundations and universities. Committee aides have been looking at the structure of offshore hedge-fund investments by major universities such as Harvard, Stanford, and Yale, says Mark Heesen, president of the National Venture Capital Association and one of the

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