TY - JOUR T1 - Will Hedge Fund Investors Start Asking for Tax Alpha?<br/> <em>Can Hedge Fund Managers Deliver It?</em> JF - The Journal of Wealth Management SP - 44 LP - 50 DO - 10.3905/jwm.2011.13.4.044 VL - 13 IS - 4 AU - Robert Kim AU - Edward H. Dougherty AU - Miriam Klein Y1 - 2011/01/31 UR - https://pm-research.com/content/13/4/44.abstract N2 - Tax efficiency, a common topic in the mutual fund world, has never been a big priority for hedge funds. Although U.S. taxable investors would benefit if hedge fund managers were more tax aware, the offshore and tax-exempt investors putting up the greater share of the capital haven’t required it. But looming higher tax rates, combined with a greater emphasis by hedge funds on client service and retention, are likely to change the dynamic. Tools and techniques for expressing investment ideas in a more tax-efficient manner are available. The task for managers will be to employ them as appropriate, while keeping investment strategy firmly in the driver’s seat.TOPICS: Real assets/alternative investments/private equity, legal/regulatory/public policy ER -