The document discusses the potential impacts of recent changes in U.S. tax law, specifically the 2017 Tax Legislation, on the Access Fund and its investments. It highlights the increased costs and reduced exposure due to new position limits and aggregation requirements, as well as potential adverse effects on liquidity and execution pricing. The document also outlines the legal representation for the Access Fund and advises prospective investors to seek independent legal, tax, and financial advice. The 2017 Tax Legislation could significantly impact the taxation of Limited Partners' investments, affecting deductibility of expenses, corporate tax rates, and treatment of foreign income, among other changes.
doj/DataSet10/EFTA01394145.pdf
{"title":"Impact of Recent Changes on Access Fund","key_people":["Cleary Gottlieb Steen & Hamilton LLP","Maples and Calder"],"document_date":"2018","document_type":"legal","key_locations":["United States","Cayman Islands"],"document_subtype":"legal advisory","key_organizations":["Access Fund","Underlying Fund"],"reference_numbers":["DB-SDNY-0100137","SDNY_GM_00246321","EFTA01394145"]}