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, potentially leading to phantom income for U.S. taxable persons and changes in tax liabilities. The document advises prospective investors to seek independent legal, tax, and financial advice.
doj/DataSet10/EFTA01389719.pdf
{"document_type":"financial","key_locations":["United States","Cayman Islands"],"document_subtype":"financial analysis","key_organizations":["Cleary Gottlieb Steen & Hamilton LLP","Maples and Calder","Access Fund"],"reference_numbers":["DB-SDNY-0094083","SDNY_GM_00240267","EFTA01389719"]}