The document discusses the potential impacts of recent changes in U.S. tax law and position limits on the Access Fund and its investments. It highlights the possible increase in costs and reduction in exposure due to new position limits and aggregation requirements. The document also outlines the implications of the 2017 Tax Legislation on the taxation of investments, including changes in corporate tax rates, limitations on interest expense deductibility, and the treatment of foreign income. Legal counsel for the Access Fund is mentioned, and prospective investors are advised to seek independent legal, tax, and financial advice.
documents/vol00010-efta01364714-pdf.pdf
{"key_people":["Cleary Gottlieb Steen & Hamilton LLP","Maples and Calder"],"document_date":"2017-12-22","document_type":"financial","key_locations":["United States","Cayman Islands"],"document_subtype":"investment fund analysis","key_organizations":["Access Fund","Underlying Fund","Southern Financial LLC"]}