kaal:claim:2714974-016

The long term capital gains treatment of carried interest matters more to private equity, venture capital, and real estate fund advisers than to hedge fund advisers, because those funds hold portfolio company stock longer on average.

Source quote, verbatim

The LTCG tax benefits are crucial to the returns of private equity, venture capital, and real estate investment funds advisers whose funds hold portfolio company stock longer on average than do hedge funds.

From

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), Taxation of Hedge Funds, p. 15
https://ssrn.com/abstract=2714974 · source PDF

Cite as

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974

Holds when

applies to profits on securities held more than one year

Classification

mechanismsupport: arguedprivate-funds

Verify

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