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 the 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.
documents/vol00010-efta01354631-pdf.pdf
{"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"],"reference_numbers":["DB-SDNY-0039226","SDNY_GM_00185410","EFTA01354631"]}