New Tax Rules Affect Deferred Fees Earned by Hedge Fund and Private Equity Fund Managers

October 10, 2008
The Emergency Economic Stabilization Act of 2008 contains several changes to the tax code that restrict the ability of certain hedge fund and private equity fund managers to defer the recognition of taxable income using certain deferred compensation arrangements. This update examines the application of the Act to those arrangements as they pertain to hedge funds and private equity funds.