Hedge funds sure know a deal when they see one (“Democratic senator defends stance on private equity tax perk”, Report, August 8). By “investing” a mere $500,000 in the re-election campaign of the US senator Kyrsten Sinema, they have collectively avoided $14bn in taxes. The annual rate of return on their “campaign contribution” must rank it as one of the deals of the century — even for hedgies.

Guy Wroble
Denver, CO, US

Letter in response to this letter:

US climate bill aids private equity but not EV owners / From Nigel Jacques, Las Vegas, NV, US