Wall Street Roundup: A raft of bad data. Hedge funds on the move.

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A raft of bad data. Data out this morning show that the number of people filing claims for unemployment benefits are up and home sales are down, as is growth of the manufacturing sector, leading to new fears about the economy.

Hedge funds on the move. With New York threatening to increase the taxes on hedge fund managers, there is talk that New York will lose out to neighboring Connecticut. Meanwhile, hedge funds are luring former regulators from the Securities and Exchange Commission, Reuters reports.

More AIG troubles. A day after AIG’s past problems were revisited in front of the financial crisis commission, news comes that AIG’s current chief executive, Robert Benmosche, is threatening to quit.

-- Nathaniel Popper