Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private placement life insurance has grown in popularity among affluent investors

Friday, September 30, 2016

Komfie Manalo, Opalesque Asia:

Hedge fund investors are looking at private placement life insurance (PPLI) as concerns about tax lingers across the industry, said Aaron Hodari, managing director at US-based wealth advisory firm Schechter Wealth.

PPLI is a legal means for investors to avoid paying income taxes on their gains in hedge funds and other alternative investments. The vehicles - essentially insurance wrappers for alternative investments - were first rolled out in the late 1990s but only began to gain popularity after the IRS issued guidance in 2003 about how the insurance vehicles could be used.

Speaking at a the recent panel discussion in New York City, Hodari stated, "As high net worth investors have continued to increase their exposure to alternative assets, they have recognized the tax inefficient nature of those assets. Private Placement Life Insurance and Annuities offer an attractive vehicle to own those assets in a tax efficient manner. The industry is growing rapidly."

The event was attended by 100 hedge fund advisors, high net worth investors, and family office representatives.

In a......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1