Thu, Dec 8, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Tax efficient investing in hedge funds presents specific opportunity

Tuesday, December 10, 2013

Beverly Chandler, Opalesque London:

The Opalesque 2013 New York Roundtable, sponsored by Maples Fund Services, Eurex and Taussig Capital saw delegates discussing the most tax efficient way of investing in hedge funds.

Bob Kim of Visium Funds opened, explaining that while their focus is to drive performance through stock selection, both on the long and short side of the portfolio, the other specific opportunity that the firm had identified was the relevance of tax-efficient investing.

"I run an equity long/short fund but it’s also tax-efficient. Why is that important? As we all know, tax rates are going up and if you are a taxable investor, taxes have become the biggest factor of your investment returns."

Kim finds that investors typically tend to focus on any fund manager's net-of-fee returns, but in fact, he believes, it's the after-tax returns that really counts. "Depending on what state you live in current tax rates could go higher than 50% and therefore considerably eat into investment performance. The fund that I run is first and foremost focused on generating good gross and net-of- fee, hedge fund like returns, but then I think about how to structure positions and manage positions without changing the economic......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released