Hedge fund managers to increasingly defer performance fee pay-outs

The decision by California Public Employees’ Retirement System (CALPERS) to exit hedge fund investing coupled with the Internal Revenue Service’s (IRS) ruling that now permits managers to charge performance fees cumulatively without falling foul o

Posted on: 01 Oct, 2014
Posted in: Investors

FATCA responsible officer function obsolete for Cayman funds

Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers.

Posted on: 11 Sep, 2014
Posted in: Investors

Fund Forum: Managers must build holistic infrastructure to deal with GATCA

Fund managers must build holistic internal infrastructure to deal not just with the US Foreign Account Tax Compliance Act (FATCA) but other global tax reporting rules that will inevitably be implemented in due course, according to KPMG.

Posted on: 26 Jun, 2014
Posted in: Regulation

Global FATCA is imminent, says SEI

A global Foreign Account Tax Compliance Act (FATCA) or GATCA is imminent, a senior executive at SEI has warned. 

Posted on: 14 Apr, 2014
Posted in: Regulation

Fund managers still grappling with FATCA requirements, says SEI

Investment managers are still coming to grips with their obligations under the Foreign Account Tax Compliance Act (FATCA) despite the registration deadline for initial Foreign Financial Institutions (FFIs) being just one month away, according to a

Posted on: 26 Mar, 2014
Posted in: Regulation

ALFI: Luxembourg bolstering tax transparency, says finance minister

Luxembourg is bolstering its tax transparency and is likely to sign its intergovernmental agreement (IGA) with the US on FATCA by the end of this month, according to the country’s finance minister.

Posted on: 18 Mar, 2014
Posted in: Legal

FATCA guidance welcomed although challenges remain

The Internal Revenue Service (IRS) has published the draft agreement for foreign financial institutions (FFIs) reporting directly to the IRS and those conveying information through the model two intergovernmental agreement (IGA) as mandated under

Posted on: 04 Nov, 2013
Posted in: Regulation

FATCA biggest regulatory challenge for managers, says survey

FATCA ranks as the biggest regulatory challenge for hedge fund managers, according to a study by Sungard, the technology vendor and Aite Group, a consultancy.

Posted on: 09 Sep, 2013
Posted in: Regulation

Ernst & Young warns managers on FATCA complacency in light of further delays

Hedge fund managers should not defer work on FATCA compliance in light of the Internal Revenue Service’s (IRS) announcement that it will again delay the rule’s implementation date by six months until July 2014, Ernst & Young (EY) has

Posted on: 15 Jul, 2013
Posted in: Regulation

Fund administrators could struggle with multiple IGA reporting requirements

Hedge fund administrators whose clients operate in numerous jurisdictions could struggle with the multiple FATCA reporting requirements, Deloitte has warned.

Posted on: 23 Apr, 2013


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