Thomas Duffell
Around 77,000 foreign financial institutions have registered with the US tax agency and received a GIIN number.
.jpg "Palatine partners with operating consultants")
pfm tracks third party service providers: Palatine will use Berkeley for operational due diligence; Ogier adds two directors; Alter Domus makes an Irish acquisition; more
The Scotland-based fund of funds recruited Alliance Trust’s former legal counsel.
As a result of the acquisition KPMG will become the largest auditor of hedge funds based on client numbers.
German lawmakers are considering only allowing AIFMD-authorized GPs to collect commitments from German insurers.
Wilmer Cutler partner Stephanie Avakian will return to the agency’s enforcement arm.
.jpg "Revenue recognition accounting converges")
The FASB and IASB unveiled a converged standard on the recognition of revenue from contracts with portfolio companies and investors.
Hidden costs are at least as big as the visible costs in funds and are impacting returns, according to Cass Business School.
The government is set to increase taxes on non-salary financial income like capital gains and dividends.
Investors typically don’t like to receive distributions in specie but for Terra Firma it may have helped garner some LP favor.