Philip Gross

Philip S. Gross chairs the Tax Department at Kleinberg Kaplan Wolff & Cohen, P.C. and advises clients on the taxation (federal, state, local and international) of hedge funds and private equity funds, including domestic funds, offshore funds, funds-of-funds and real estate funds.

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What Hedge Fund Managers Should Do Now New regulations issued by the Department of Labor expanded the definition of an "advice fiduciary," which may be interpreted as treating investment managers as "advice fiduciaries" with respect to such investors in funds that they manage unless certain exceptions are met. The rules will apply to investments in funds by ERISA plans and IRAs (including additional...

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