Solving More Than Just Tax
September 01, 2001
Accountants help with regulatory approval, fund structure and, of course, tax, explains Carlyon Knight-Evans at Ernst & Young
When it comes to helping Asian managers launch their hedge funds, the accountant plays a vital role. They help to guide the start-up manager through the formative stages and offer advice on a range of subjects. These include help in setting up the management company and guiding it through the regulatory authorisation process as well as determining the level of regulatory capital required.
In addition, accountants - alongside the lawyers - advise on the structure and nature of the management company, on the structure of the fund and also, if appropriate, on the fund's listing.
For the set-up and launch, it is important that the key elements are co-ordinated. This is the critical stage and is where experienced advisers can add a lot to the process. It is important to get the arrangements right first time, as anything that delays the fund's launch can have a significant impact both on the profitability...
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