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February 20, 2019  

Fund Managers Pitched on Favorable Tax Play

A private equity shop is launching a so-called opportunity zone fund that it plans to market to hedge fund executives.Prospect Capital joins a small but growing number of alternative-investment managers looking to invest in economically distressed areas deemed “qualified opportunity zones” under the Tax Cuts and Jobs Act that President Trump signed in December 2017. Investors in opportunity-zone developments or redevelopments —...

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