January 14, 2009
Overview of Hedge Fund Taxation
The following is a reprint of the Joseph Bankman’s testimony before Congress. Mr. Bankman is a professor at Stanford Law School. While the testimony has a bias against the current hedge fund taxation structure, it provides a great overview of hedge fund tax issue, specifically the taxation of the hedge fund [...]
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September 7, 2008
Question: What is the hedge fund high water mark?
Answer: The hedge fund highwatermark is a mechanism that is implemented to make sure that managers do not take a performance fee when the fund has had negative performance over previous performance fee periods. The high watermark is the colloquial term for the mechanical application of [...]
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