Is US tax law accidentally favoring sovereign wealth funds, giving them an advantage over other investors? Law professor Victor Fleischer says that is exactly what is happening, and advises Congress to amend the tax-code to repeal the loophole that sovereign...

Phil Goldstein, the Bulldog Investors founder whose colorful responses to regulators has made him a DealBreaker favorite, is planning to sue the Securities and Exchange Commission to lifts the ban on hedge fund marketing. “We want to be able to...