What is a passive foreign investment company (PFIC) and why is it important? To stem a perceived abuse, Internal Revenue Code §§ 1291 to 1298 were enacted in 1986. Without them, a U.S. shareholder of a foreign corporation holding investment-type assets generating current ordinary income such as interest, dividends, royalties or rent could potentially convert…
Alternatives currently represent over $12 trillion in assets under management, while assets in liquid alternatives are growing rapidly. The CAIA Association Mission: Establish the CAIA designation as the benchmark for alternative investment education worldwide Promote professional development through continuing education, innovative research and thought leadership Advocate high standards of professional ethics Connect industry professionals globally…
Being a hedge fund manager isn’t easy, even if it can pay well. 2015 was an exhausting year for many of the approximately 9,000 hedge funds operating in the U.S. Although the stock market has shown some improvement with the Dow Jones Industrial Average crossed the 18,000 threshold for the first time in nearly nine…
Over the past year, we have seen vast amount of regulatory pressure being imposed upon the financial services sector, which is forcing banks to look at the risk on their balance sheets. Taking the brunt of this added regulatory burden seems to be emerging fund managers.
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