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The Morning Brief: Clinton Taps Hedge Donors Despite Tax Comments

Hillary Clinton hopes to feed from hands she recently bit. The Democratic presidential candidate is planning several fundraisers at the homes of hedge fund managers, the same group she took a swipe at last week when she criticized the lower tax rate for carried interest, which heavily benefits hedge fund managers. According to The New York Times, Clinton will be stopping by the home of Lisa Perry, the wife of Richard Perry, the founder of Perry Capital and a big supporter of several previous Clinton campaigns. Another fundraiser will take place at the home of Doug Teitelbaum, managing principal at Bay Harbour Management. Down the road, you can also bet that Avenue Capital co-founder Marc Lasry will be hosting a fundraiser for Clinton at his home, given that the hedge fund manager is a long-time friend and financial supporter of the Clintons and, for a time, the employer of Chelsea Clinton.

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Dan Gold’s New York-based QVT Financial disclosed that it owns more than 1.4 million shares, or 9.99 percent of Aehr Test Systems, a semiconductor equipment maker. QVT did not own shares of the company at year-end. In a regulatory filing, the firm indicated that the stake was a passive investment.

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Man Group has raised about $300 million for four new funds within its computer-driven AHL funds, according to Reuters. The fundraising comes on the heels of strong gains posted by AHL and other so-called systematic funds in 2014 after several years of losses or low returns. For example, the $4.7 billion AHL Diversified fund rose 32 percent last year.

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Shares of Herbalife jumped more than 3 percent Tuesday to close at $46.76. This is its highest closing price since November 3. There was no apparent news and volume was well below its recent average. Hmm.

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