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 2017 Tax Legislation could significantly affect the taxation of investments, including limitations on interest expense deductibility, changes in corporate tax rates, and new definitions affecting foreign corporations. These changes may impact investment valuations and after-tax returns.
doj/DataSet10/EFTA01394547.pdf
{"key_people":["Lawrence Hirsch"],"document_date":"2018-12-22","document_type":"legal","key_locations":["United States","Cayman Islands"],"document_subtype":"legal memorandum","key_organizations":["Cleary Gottlieb Steen & Hamilton LLP","Maples and Calder","Access Fund"]}