Taxation of U.S. Investment Partnerships and Hedge Funds

TAXATION OF U.S. INVESTMENT PARTNERSHIPS AND HEDGE FUNDS ACCOUNTING POLICIES, TAX ALLOCATIONS, AND PERFORMANCE PRESENTATION

Unraveling the layers of complexity that intimidate managers and CFOs of hedge funds, Taxation of U.S. Investment Partnerships and Hedge Funds presents a lucid approach to formulating accounting policies for tax reporting. Over the last decade, hedge fund manager Navendu Vasavada has, with the help of accounting and legal professionals, created a road map to implement sound up-front accounting and tax policies that streamline the CFO and legal functions within a U.S. investment partnership.

Accessible and straightforward, Taxation of U.S. Investment Partnerships and Hedge Funds outlines hedge fund structure and looks at the nuances of accounting methodologies and policies for hedge funds. This comprehensive resource provides you with:

• Guidance on forming the hedge fund and drawing up the investment partnership agreement
• The information to formulate accounting policies for tax reporting
• Detailed strategies for connecting all of the accounting efforts to produce accurate performance measures for presentation to investors
• An understanding of the legal, accounting, and tax matters involved in hedge funds
• Algorithms to automate tax allocations in U.S. partnerships
• Approaches to improve the tax effi ciency of hedge funds
• Insight on organizing a typical offshore hedge fund

By showing you how to set accounting, procedures and policies, report tax allocations, and performance presentation for U.S. investment partnerships and hedge funds, this book gives you all the practical information you need to understand the cryptic world of critical CFO functions and business models in hedge funds and investment partnerships.