With so many recent and anticipated changes on the horizon, managers must keep pace with the latest financial reporting standards, industry trends and hot-button topics – all in the name of running a successful investment vehicle.
This guide assists managers with the latest financial reporting requirements that govern the industry.
On September 28, 2026, the Treasury Department and the IRS issued Revenue Ruling 2026-20 and Notice 2026-62. Together, the guidance targets selected exchange-traded fund (ETF) redemption structures and tax-aware investment strategies that the government believes use nonrecognition, timing or character rules to obtain tax results consistent with the purpose and proper application of those rules….
Carried interest (“carry”) is often one of a fund principal’s most valuable assets, yet it rarely appears on a personal financial statement at anything close to its eventual economic value. That gap between a defensible value today and realized upside later provides an estate-planning opportunity, and it narrows every quarter as the fund seasons. The…
Few partnership tax controversies have generated as much attention in recent years as the fight over the scope of the self-employment tax exception for limited partners under §1402(a)(13). The Fifth Circuit’s decision in Sirius Solutions (now K. Alain) marked a notable development in August 2026, and the latest chapter arrived on September 17 with the…
