Guest LMH Posted July 12, 1999 Posted July 12, 1999 My firm is getting ready to offer Hedge Funds to the clients in our trust division. Does anyone have any input as to potential problems/situations I should keep an eye out for with these as investments in IRAs? I can't find anything, but these appear to be a subject of great debate on other levels, which is why I would like some input.
Bruce Steiner Posted July 13, 1999 Posted July 13, 1999 Unrelated business taxable income (due to the leverage in the fund). You can avoid this with offshore funds, at a cost (at the fund level) of the withholding tax on dividends. ------------------ Bruce Steiner, attorney (212) 986-6000 (NY office) (201) 862-1080 (NJ office) also admitted in FL Bruce Steiner, attorney (212) 986-6000 also admitted in NJ and FL
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