The Tax Whiz With the Strangest Hustle on Wall Street
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| Photographs by Clark Hodgin for The Wall Street Journal
Andy Lee is the king of a lucrative niche in the financial markets. Being king isn’t easy.
Lee invests in tax receivable agreements, increasingly common arrangements that put cash into the pockets of early investors in companies. Not many investors know how they work, and a surprising number of people don’t even know they have them.
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