As 2020 FINALLY draws to a close, it is time to think about taxes and the various implications recent events could mean for the alternative investment industry. A broad look at the tax atmosphere on asset management, including its impact on charitable organizations. Scott Harty, a partner in Alston & Bird’s Federal & International Tax…
By Paul Dillon, Michelle Hobbs, Mike Schiavo and Michael Wronsky The Department of Treasury and the IRS released Revenue Ruling 2020-27, providing that taxpayers who received Paycheck Protection Program (PPP) loans cannot deduct expenses funded by the debt if forgiveness is reasonably expected. In other words, if the taxpayer has otherwise met the requisite conditions for…
By Diane Swonk, chief economist, Grant Thornton COVID does not care who won the election or who will control the Senate, but it will be the single largest determinant of where the economy goes next. COVID cases, positivity rates and hospitalizations are all surging again, a fact lost in the turmoil surrounding the election. The…
By Rick Roche, CAIA, Little Harbor Advisors, LLC Part 2 of a two-part series on The Alternative Imperative in the COVID Era. In Part 2, the author tackles notorious technology laggards. This piece transitions to alternative data pioneers (Alt-Venturers) and the 4-1-1 on Alt-Data: Hype or Hope? The author dispels the false dichotomy of the “Unattainable Triangle” for…
By Rick Roche, CAIA, Managing Director of Little Harbor Advisors, LLC Part 1 of a two-part series on Alternative Investment Data (Alt-Data) in the COVID Era. In Part 1, the author makes the case for high-frequency, short-interval Alt-Data while discussing three primary drawbacks of interpreting official economic statistics amid a global pandemic. The profound toll…
Glenview Capital Management founder Larry Robbins is upbeat about the development of Covid-19 vaccines, making him optimistic about some sectors but still wary of others. “For the first time in this battle, in the last several weeks there’s been real light at the end of the tunnel,” Robbins said Thursday at the New York Alternative…
A conversation with Larry Robbins, the founder and CEO of Glenview Capital Management, about the key factors affecting healthcare today and an assessment of the most attractive equity investments within healthcare. Topics discussed include: The impact on healthcare equities of the recent (and ongoing) U.S. elections Healthcare policy under a split or potentially all-Democrat government…
A discussion with Richard Roche, a managing director at Little Harbor Advisors, and Steven Lerit, a portfolio manager and the head of risk management for Washington Crossing Advisors about volatility and the multiple factors that play in to it. There are common pathways in the transmission of viruses and volatility. Volatility, like infectious disease, is transmitted…
A conversation with Daniel Oliver, the founder and managing member of Myrmikan Capital, about the value of investing in gold, which has seen its value skyrocket since the beginning of the COVID-19 pandemic. The topics touched on in this conversation include Gold as free-market money because of the stability of its value and why it…
By Diane Swonk, chief economist, Grant Thornton Payroll employment rose by 661,000 jobs in September, less than half the 1.5 million pace we saw in August. Government employment fell by 216,000 with 34,000 of those losses due to a reduction in the ranks of temporary Census workers; the remainder was due to a drop in…
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