Hedge Funds: A Tale of Two States

DealBook – When Gov. David A. Paterson and New York’s legislative leaders unveiled a plan last month to tax out-of-state hedge fund managers, the move ignited something of a border war between New York and Connecticut, another stronghold of the industry.

While Gov. Paterson seemed to back off the proposal after New York Mayor Michael R. Bloomberg and others voiced their criticism of the idea, it seems that Connecticut’s governor isn’t quite ready to let the opportunity pass.

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