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May 29, 2014

How Subsidies For Hollywood Became Sexy

After years of failed attempts to pass legislation offering tax incentives to the film and television industry, more California lawmakers have joined efforts to help Hollywood. “This is a changed landscape because we made this an issue," Los Angeles Mayor Eric Garcetti said.

Here's How Hedge Fund Managers Make All That Money

A new report out today from Citi details findings that show hedge fund assets will swell to nearly $6 trillion in the next four years, doubling the size of the industry. At fees of 2% of assets and 20% of profits, members of the at-times controversial industry stand to make a lot of money.

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