RT Journal Article
SR Electronic
T1 Will Hedge Fund Investors Start Asking for Tax Alpha?
Can Hedge Fund Managers Deliver It?
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 44
OP 50
DO 10.3905/jwm.2011.13.4.044
VO 13
IS 4
A1 Robert Kim
A1 Edward H. Dougherty
A1 Miriam Klein
YR 2011
UL https://pm-research.com/content/13/4/44.abstract
AB Tax efficiency, a common topic in the mutual fund world, has never been a big priority for hedge funds. Although U.S. taxable investors would benefit if hedge fund managers were more tax aware, the offshore and tax-exempt investors putting up the greater share of the capital haven’t required it. But looming higher tax rates, combined with a greater emphasis by hedge funds on client service and retention, are likely to change the dynamic. Tools and techniques for expressing investment ideas in a more tax-efficient manner are available. The task for managers will be to employ them as appropriate, while keeping investment strategy firmly in the driver’s seat.TOPICS: Real assets/alternative investments/private equity, legal/regulatory/public policy