Taxing matters

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By Michelle Celarier

Hedge funds are getting a lot of public attention these days, in such disparate venues as a panel discussion in downtown New York City and a televised Democratic presidential candidates debate. The questions go like this: Are hedge funds evil? (Answer: no.) Do hedge funds make America a better place? (Answer: possibly.)

Hedge funds apper to be reeling from all this unwanted attention. Consider the fact that Oaktree Capital Management recently decided to raise money via a private placement, instead of following the path of Fortress Investment Group, which offered shares to the public. In what