West Palm Beach (HedgeCo.Net)- The SEC has clarified its position on the "Cash Solicitation Rule" saying that a registered investment adviser may compensate a person for soliciting investors for, or referring investors to his or her investment fund.
Usually, under the rule, it is illegal for an investment adviser to pay a cash fee, directly or […]
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West Palm Beach (HedgeCo.Net)- The Managed Funds Association (MFA) and the Coalition of Private Investment Companies (CPIC) called on SEC Chairman Christopher Cox in a letter to not extend the emergency order on short selling beyond the announced expiration date.
"While we recognize that the financial sector is undergoing an extraordinarily difficult period," Richard H. Baker, […]
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West Palm Beach (HedgeCo.net)- In a recent IRS Revenue Ruling addressing the tax treatment of management fees incurred in a “fund of funds” structure, the IRS’s has severely restricted UPTs (upper tier partnerships) from obtaining tax benefits from management fees.
In a typical fund of funds structure, an investment is made by a limited partner […]
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FOXBusiness- With record losses from the subprime and credit crisis veering towards the $400 bn mark, here come the market police.
In the crosshairs: Hedge funds, including the indictments of the two Bear Stearns hedge fund managers.
A senior law enforcement official said in an interview that hedge funds now sit at the top of the hit […]
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