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I've tried to use this as reference after buying it on a number of occasions, but really, it's just not specific enough to capture all complexities and issues that hedge funds run into. For instance, we evaluated moving to the lag method of foreign partner witholding (FDAP), and there just was not enough information here to make a sound judgement. Another good example is when I needed to brush up on layering methods and again there just wasn't enough info to get me re-acquainted. At a high level, it's sound information, but the devil is always in the details.
i thought i'd already reviewed this long ago, since i purchased and read it like two years ago. (read it 2 or 3 times actually) but i guess not
I am a CPA practicing in the AIF space and this is the only real book of its kind available in the markeplace. there are very few, if any, 'textbooks' that cover the top of taxation of hedge funds and fund of funds as this book does. i woudn't say this book is super amazing and that it covers everythign i wished it had, but its a start, and its a pretty good reference point for anyone in the industry or who needs a primer.
the book gets a little into mathematics and listed math formulas and such, which may not be of much relevance to a tax practiioner but may be to an investment manager or analyst.