If Congress changes the tax treatment of carried interest, returns to hedge fund advisers and their investors are likely to fall markedly and the popularity of hedge funds will be severely tested.
Source quote, verbatim
Should Congress change the tax treatment of hedge fund managers, the returns to hedge fund advisers and their investors are likely to fall markedly.
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
conditional on congressional elimination of the carried interest loophole
Classification
predictivesupport: arguedinstitutional-design
Verify
The quote above is an exact substring of the source PDF, whose sha256 is 7764601d3ed5bb056b58949e8411eff9dfb9855f143719062030c980c5fa801b. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/43b6404ea76ad652...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2714974-017.md | sha256sum