Renaissance, Barclays, Deutsche To Explain Tax Treatment

Renaissance Technologies is a hedge fund known to use quantitative methods to obtain an advantage in the market. Today we learned they are going to be required to explain in front of a Senate committee how they use complex derivatives products to gain an advantage when filing their taxes.

Renaissance to join Barclays and Deutsche Bank in explaining on Investigations

Renaissance will join representatives from Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) and Deutsche Bank AG (NYSE:DB) (ETR:DBK) in explaining to the Senate Permanent Subcommittee on Investigations, led by US Senator Carl Levin, just why and how a series of complex derivatives...