Hedge Funds: Formation, Operation & Taxation Webinar

Overview: 

Hedge funds play a prominent role in the functioning of markets around the globe. Designed for the financial or tax professional who would like to learn about the “nuts and bolts” of the hedge fund industry, this unique webinar will enable you to:

  • Understand the accounting, auditing and tax rules
  • Analyze the best structures for both onshore and offshore funds
  • Follow the latest regulatory developments, including the impact of the Dodd-Frank Act and the global “Know Your Customer” and information sharing regimes
Objective: 

To provide financial and tax professionals with an understanding of the formation, operation and taxation of hedge funds. You’ll explore the regulatory, audit, accounting and tax regimes governing hedge funds and other investment vehicles. The course emphasizes developments arising from the IRS's increasing technical rulings and audits of funds and managers.

Emphasis: 
  • Current federal and state laws on registration of hedge fund managers as investment advisors
  • Formation
    – SEC, CFTC and Treasury regulation
    – Special audit and accounting rules
    – Valuation issues for investment positions
    – What kinds of investors to target and how to solicit them
    – Choosing appropriate advisors, brokers and professionals
    – Due diligence issues in selecting, deselecting a hedge fund
    – Impact of Dodd-Frank Act on hedge funds
    – Selecting the optimal tax and accounting structures
    – Designing appropriate compensation arrangements and IRS audits on self-employment taxes
  • In-depth analysis of hedge funds
    – Do’s and don’ts for avoiding qualification under the Investment Company Act of 1940 and commodity pool operator regulations
    – Typical provisions of partnerships documents
    – Break points and partnership allocations
  • Due diligence pointers for avoiding disasters
  • Current issues for defending regulatory and tax audits of hedge funds and their managers
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Basic.

CPE Credit: 
8.00
NASBA Field of Study: 
Taxes