racemize Posted August 22, 2013 Share Posted August 22, 2013 I'm working on an essay that delves into the effect of taxes on reported performance for mutual and hedge funds (e.g., to show after-tax results), but I need to get some reputable statistics to show the representative effect in the essay. Does anyone know of some good studies or papers that show average turn-over rates, long/short term holdings, etc. for mutual funds and hedge funds? Or perhaps there is already a good paper on this whole concept--that could be handy as well. Link to comment Share on other sites More sharing options...
racemize Posted August 22, 2013 Author Share Posted August 22, 2013 Posting my own response, but in case anyone is interested, this isn't bad for mutual fund info: http://www.ici.org/pdf/2012_factbook.pdf Link to comment Share on other sites More sharing options...
gg Posted August 22, 2013 Share Posted August 22, 2013 I don't think you'll be able to find that information for hedge funds. I think that most money invested in HFs is tax-exempt. In addition, funds don't need to publicly disclose returns, nor do they have to disclose who their investors are. Depending on what you need to write this paper for, maybe you can analyze the performance differential between onshore vs offshore vehicles for the same hedge fund management companies? Link to comment Share on other sites More sharing options...
racemize Posted August 22, 2013 Author Share Posted August 22, 2013 I don't think you'll be able to find that information for hedge funds. I think that most money invested in HFs is tax-exempt. In addition, funds don't need to publicly disclose returns, nor do they have to disclose who their investors are. Depending on what you need to write this paper for, maybe you can analyze the performance differential between onshore vs offshore vehicles for the same hedge fund management companies? Yeah, I figured hedge funds would be much more difficult--I was not aware that "most money invested in HFs is tax-exempt", what makes you think that? It seems like it would be hard for "most money" to be tax-exempt, generally, but perhaps I am totally off base. Link to comment Share on other sites More sharing options...
nkp007 Posted August 22, 2013 Share Posted August 22, 2013 I don't think you'll be able to find that information for hedge funds. I think that most money invested in HFs is wishes it were tax-exempt. In addition, funds don't need to publicly disclose returns, nor do they have to disclose who their investors are. Depending on what you need to write this paper for, maybe you can analyze the performance differential between onshore vs offshore vehicles for the same hedge fund management companies? Link to comment Share on other sites More sharing options...
gg Posted August 22, 2013 Share Posted August 22, 2013 Tax-exempt because many, if not most, of the largest hedge fund investors are large institutional clients such as pension funds (i.e Los Angeles Fire and Police Pensions, or CALPERS) . I am not too familiar with tax law, but I know that another large hedge fund investment component are foreign entities (sovereign wealth funds; foreign pension funds, banks, and insurance companies; etc) and I am not sure how those entities are taxed on US investments. Link to comment Share on other sites More sharing options...
racemize Posted August 22, 2013 Author Share Posted August 22, 2013 ah, sure, that makes a lot of sense. This essay will be written for individual investors, so what I'm writing about should be on point (I hope!). Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now