October 26, 2009
San Francisco Tax Law Could Affect Hedge Fund Managers
A little known tax law which was passed last year by San Francisco voters may create some harsh consequences for hedge fund managers based in The City by the Bay. The following article was contributed by Karl Cole-Frieman of Cole-Frieman & Beugelmans.
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San Francisco’s Proposition Q and its [...]
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April 8, 2009
Legislation Introduced to Eliminate Carried Interest “Loophole”
As we are all well aware, the partnership structure of hedge funds allows the management companies of these funds to receive an “allocation” of the fund’s income. Under general partnership taxation principles, this allocation is taxed to the management company (and the other investors in the hedge fund) according [...]
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Fund Appreciation Rights
December 6, 2009Alternative Hedge Fund Compensation Structure
At the very beginning of this year there was much discussion about the hedge fund compensation structure in light of the horrible returns from 2008. Many funds lost money but managers aren’t typically subject to the same types of clawback provisions as private equity fund managers. Additionally some funds had to [...]