Katherine Burton

The hedge fund manager known promised wealthy investors that he could help them take advantage of opportunity zones.

There are 20 states that have sovereign wealth funds, generally funded by commodities or land, that might serve as models.

The lawsuit alleges that Jim Chanos "planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing."

One man, in the eyes of Donald Trump, is a "money machine." The other is a guy named "Scott."

Thomas Sandell and Sandell Asset Management are paying $105 million to New York, the biggest fine of its kind in the state.

Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.