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View Diary: On Romney's Caymans Corp; or, One Question the Press Should Ask Mitt (71 comments)

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  •  I'm not 100% sure. (3+ / 0-)
    Recommended by:
    Amber6541, VClib, FarWestGirl

    I've had private equity clients, but never had a hedgie that would use the incentive fee set-up.  So while I have a really good idea of what the incentive fee structure looks like, but I haven't been exposed to enough of their universe to know if that's the only use for an offshore corporation like this.

    •  There are some tax benefits (0+ / 0-)

      for endowments and other tax-exempt entities, so alot of times even a domestic fund will have an off shore partner to accomodate the tax-exempts.  I don't know if any of his LPs were exempts, but that would justify the off shore situs of the fund itself, not the manager

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