Hedge fund executive Bill Ackman’s Central Park South penthouse was one of the city’s most expensive sales ever when he bought it for $91.5 million in 2015. He was levied $477,311 in taxes for the ...

Getting a job in private equity or hedge funds can be hard, especially for young talent. Knowing the right recruiters is often key as many shops rely on headhunters for entry-level roles.

To keep it simple, you can think of a hedge fund as a private mutual fund available only to wealthy people. Structurally, most American hedge funds are limited partnerships, and the investors are ...