Partner accounting
Net Performance Reporting: Not Just Arithmetic
Jul 2nd, 2019 | Filed under: Hedge Fund Industry Trends, Hedge Fund Operations and Risk Management, Industry Size & Managers, Newly Added, Asset Managers, Operations, Partner accounting, The A.I. Industry, Fees, Hedge Funds, Structure of the Hedge Funds IndustryWhy can’t a fund manager simply subtract all fees and expenses from gross returns and present the arithmetical result to existing or potential investors? In a newly released paper, Donald Steinbrugge, the founder and CEO of Agecroft Partners, discusses how hedge funds calculate and present their net performance, and theRead More
AIMA’s New Due Diligence Template
Oct 22nd, 2017 | Filed under: Service Providers, Due Diligence Process, Newly Added, Technology, Operations, Partner accounting, Risk Management & OperationsIt has been 20 years since the Alternative Investment Management Association published its first due diligence questionnaire, a template designed to standardize the diligence process by which investors decide if a particular management is right for them. Now it has published a new questionnaire/template, covering a broader range of entities/strategies.Read More
Andrew Lo: Progress is the Platform for Ever-Changing Risk
Feb 28th, 2016 | Filed under: Newly Added, Risk management, Partner accounting, Risk Management Strategies & Processes, Risk Management & Operations
Andrew Lo, of the Massachusetts Institute of Technology, recently wrote a stimulating discussion of two seemingly contrary “laws”: Moore’s and Murphy’s. Read More
Tax & Election Seasons Create Alternative Altercations in the US
Apr 20th, 2015 | Filed under: Real Estate, Venture capital, Legislation/Court rulings, Partner accountingAs a general rule, politicians [mostly] on the Democratic side benefit by raising the issue of the taxation of carried interest during campaigns and then quietly letting it die, as their donors expect, when the legislature is actually working on tax bills. It's a way of signaling who is a "populist" and who isn't. Read More
Self-Employment Tax – Limited Partners Beware!
Sep 28th, 2014 | Filed under: Partner accountingGuest columnist Maury Cartine looks at a new IRS memorandum on self-employment tax and how it applies to limited partners.Read More