May 18, 2007
Offshore Investments by Colleges Draw Scrutiny
Push by Senate to tax hedge funds could affect large and small endowments
Billions of dollars in untaxed, offshore investments by college endowments could be subject to taxation under a proposal being considered by the leaders of the U.S. Senate Finance Committee.
The proposed change, which is aimed at hedge funds, a popular investing strategy for many colleges, would affect the largest college endowments, including those at Duke, Harvard, and Yale Universities. Small college
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