By now, most everyone is familiar with The American Jobs and Closing Tax Loopholes Act. Well known for extending unemployment benefits, its lesser known that the Act also has a provision which could dramatically impact the hedge fund, venture capital and private equity industries.
Associate director at the Institute, Erik Gordon, recently contributed an insightful article on the topic to the The Deal. Check out the link below to learn more: http://www.thedeal.com/newsweekly/community/financial-reforms-impact-on-pe.php . A similar analysis by Erik also ran in the UK’s Hedge Fund Journal, which can be found here.
The timing of this discussion was fortuitous, as it unfolded around the same time as the annual Michigan Private Equity Conference produced by the Institute’s Center for Venture Capital and Private Equity Finance. The annual event is attended by over 200 business executives and professionals from private equity groups and investment banks from around the U.S to assess lingering challenges and new opportunities in the nation’s economy and credit markets. This regulatory modification was among several hot topics at this year’s event and an issue we’ll be tracking as it continues to unfold.