Economist Jim O’Sullivan of High Frequency Economics is very good at forecasting economic data, but he was also favored with a wee bit of luck as he narrowly won his eighth consecutive Forecaster of the Year contest in 2018. Joerg Angelé of Raiffeisen Bank International, who placed second in the annual contest, won the December…
On January 29, 2019 John Dukich, founder and president of Ferential Systems, gave a presentation on the New York Alternative Investment Roundtable’s monthly call on total return swaps -some of the ways that investors are using them to boost returns, the processing requirements and some of the issues investors face when using them. The PowerPoint…
Cryptocurrency, or virtual currency, is now a significant player in the investment marketplace, and, as a result, many challenging legal and regulatory questions have been raised across the globe. While cryptocurrency and its utilized technologies could radically change business processes, its inherently decentralized nature could serve as a vehicle for sinister activity and a challenge…
The hedge fund, private equity and alternative assets industries have been heavily impacted by the Tax Cuts and Jobs Act (TCJA). As 2018 comes to an end, there are still clarifications being sought after by fund managers about the effects of tax reform. View a webinar from Baker Tilly on the subject to learn about…
Significant changes to SOC reports have occurred within the last two years. As organizations navigate their first of examinations under the new SSAE 18 standard, pitfalls are likely to surface. In addition, the Association of International Certified Public Accountants (AICPA), recently released guidance identifying the differences between SOC for Cybersecurity and SOC 2®, which could…
As more and more companies suffer data breaches, scrutiny and legislative obligations increase for management and board members in their oversight roles regarding cybersecurity risk management. On April 12, 2018, the Center for Audit Quality (CAQ) released the publication, “Cybersecurity Risk Management Oversight: A Tool for Board Members,” to help guide board members in discussions…
The Tax Cuts and Jobs Act of 2017, P.L. 115-97 (the Act), enacted new Code section 1061. The Act was signed into law on Dec. 22, 2017. New Code section 1061 is effective for taxable years beginning after 2017 and has changed the holding period for capital gains realized by a taxpayer who holds an…
Listen to a thorough review of the new provisions under the Tax Cuts and Jobs Act related to meals, entertainment and employee awards, including practical examples and additional insight. Learn About: Changes to the meals and entertainment provisions under the Tax Cuts and Jobs Act Application of the new provisions, such as: If our company…
Accounting Standards Codification 606, Revenue from Contracts with Customers, (Topic 606) will require significant accounting changes for many asset managers. Many of the fee arrangements under which asset managers provide services to investment companies will need to be re-evaluated under Topic 606, specifically: Base management fees and related fee waivers and expense caps Incentive or performance…
Effective March of 2017, the New York State Department of Financial Services’ (NYS DFS) Cybersecurity Regulation (23 NYCRR 50) was implemented for all defined “covered entities.” Since the time of the announcement, there have been various questions around what is considered a “covered entity” and the requirements of these entities. On March 23, 2018, the…
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