February 26, 2012

Wildcatters and the Origin of Carried Interest

Sean Vanatta, Bloomberg

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Portrayed in the press and academic writing as a modern product of hedge funds and private equity, carried-interest arrangements and the tax issues surrounding them actually have a long history, linked to oil speculation and wildcatting at the turn of the 20th century.

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TAGGED: Mitt Romney, Carried Interest, Sean Vanatta

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