(Bloomberg) It’s not the end of the carried interest loophole, but JPMorgan Chase & Co. believes there’s another way U.S. tax reform could end up hurting hedge funds….”We think the market is underestimating the probability of tax reform passage; the potential performance risk to active managers with high exposure to growth/momentum could be significant in the near term,”
JPMorgan Sees Pain for Growth Stocks and Their Hedge Fund Fans
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