investment

Rothstein Kass Releases FATCA Guide for Alternative Investment Fund Managers to Support Navigate Registration Method

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New York, NY (PRWEB) August 15, 2013

In conjunction with the updated registration timeline below the Foreign Account Tax Compliance Act (FATCA), Rothstein Kass (http://www.rkco.com), a top national expert services firm, right now announced the publication of the FATCA Guide for Option Investment Fund Managers. FATCA normally will require offshore investment funds and other foreign economic institutions to register with the IRS and to recognize and report information relating to their U.S. investors. The guide offers a summary of key points and due dates, as effectively as insights to aid fund managers navigate the FATCA compliance and registration method.

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The interplay between the final FATCA regulations and intergovernmental agreements is complex and still unfolding. Its important for fund managers to educate themselves ahead of rushing to register, mentioned Dan Byrne, Tax Principal. Whilst the IRS FATCA registration portal will open soon, there are nonetheless some essential pieces of FATCA guidance which remain outstanding. We count on that the Cayman Islands intergovernmental agreement, which was just initialed earlier this week, will be released within the coming months and well in advance of the April 25, 2014 initial registration deadline. In the meantime, we hope this guide will be a helpful resource for managers as they prepare for the registration process, and aim to ensure their funds obtain FATCA compliance as properly and efficiently as possible.

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Observation notes all through the guide give in-depth evaluation derived from Rothstein Kass sector-major knowledge and highlight ongoing processes that will impact adherence to FATCA specifications. These notes include details on pending intergovernmental agreements between foreign countries and the United States, which will allow tax details reported beneath the nearby governments of these nations to be automatically exchanged with the IRS.

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Our aim is to present fund managers with all the background they require to make suitable choices for themselves and for their investors, said Byrne. The FATCA Guide and the guidance incorporated inside are worthwhile tools when generating these options.

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A copy of the guide is obtainable by going to http://www.rkco.com/.

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About Rothstein Kass:&#13

Founded in 1959, Rothstein Kass is a premier specialist solutions firm serving privately-held and publicly-traded companies, as properly as high-net-worth men and women and households. With far more than 1,000 professionals, the firm gives accounting, advisory, auditing and tax services, as effectively as a complete array of integrated services such as litigation and forensic consulting and concierge and tax accounting to clients across market spectrums and in all stages of improvement. Rothstein Kass is widely recognized as a leader in the economic services space, consistently ranking amongst the leading CPA firms serving the Hedge Fund, Private Equity, Venture Capital, Broker Dealer and Family members Office segments.

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When need to I apply for an analyst job at a big investment bank like Goldman Sachs or Lehman Brothers?

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Question by Michael A: When need to I apply for an analyst job at a large investment bank like Goldman Sachs or Lehman Brothers?
I am a recent graduate from the University of Michigan with a dual main in Political Science and Philosophy. I had a GPA of 3.86 general and higher in my two majors. I held a steady job throughout college, operating nearly complete time plus college and, in my senior year, an internship at a regional public defender’s workplace. After college I took a job at a huge DC law firm, but now I am not as sure as I was that law is for me. Portion of what we do here is working with big banks right after hunting at some of that, it genuinely interests me.

I have the operate ethic to survive at a large financial institution, but I need to have to stay right here through the spring. I would like then to move to NY and get a job at a huge bank, but I need to know when I need to apply for those positions. I just bought some books about Wall St. so I can discover far more about the market. I require to study those & enhance my financial expertise ahead of I’d want to go into an interview.

When should I apply? Any other ideas for me? Thnx

Best answer:

Answer by Kerry F
Many of these firms employ seniors in college in the fall who will start off their positions the subsequent summer. However, for individuals who have been in the workforce for even a short period of time, they have a distinct recruiting schedule.

If I were you, I would speak to your college profession center and see if they have any contacts at these firms – if they have recruited at your campus, or if there are alums from your school who perform there, you ought to be in a position to make a get in touch with. If so, it is best to try to get your foot in the door that way rather than blindly applying by means of the website.

That being said, I am in college recruiting, and both Goldman and Lehman have drastically cut their hiring for the year, so it might be tough going for a although…

Ideal of luck to you!

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Q&A: Best Topic for Master’s Thesis in Financial Investment?

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Question by Leon T: Best Topic for Master’s Thesis in Financial Investment?
Allright, this is a very important question to all the guys tell me what will be a best topic for my Thesis in Investments, I am in Sweden and I want to get a job here, moreover I am interested in Banking and Tax but let me know what ideas you guys have, I mean latest issues on wich my Thesis work will be a raod to new creation, Something different and new, I wanna know which is hot issue of today in Investments.
I Will be thankful to you guys.

Best answer:

Answer by marmalade
Given the topics of the last few weeks:-

1) what lessons for the structuring of securitization transactions can be drawn from the sub-prime mortgage crisis of 2007-8?

2) to what extent does the rouge trader (traders hiding trading losses and accumulating massive losses) problem manifest a failure of management within private sector financial institutions or a failure of public sector regulation of them?

3) should politicians be allowed to join private sector financial institutions within a specific period of retirement from public office? (UK:- Tony B)

4) to what extent are hedge funds beneficial to the economy in which they operate?

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Q&A: Private Equity, Assest Management and Investment Banking?

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Question by Confused: Private Equity, Assest Management and Investment Banking?
I feel i get the gist of how these three differ. But I’m not entirely sure. Could someone define and describe these please?

Best answer:

Answer by FatHalo
PE’s are private companies (not listed on exchanges) who usually take over all or part of other businesses equity (and voting voices) in order to take control the management using different types of strategies (LBO’s, Venture Capital, Growth capital, Distressed, Mezzanine …) PE’s invest their money into companies in order to take them over, influence their management and/or finance a capital-strapped company on advantageous terms all in the objective of benefiting from long term return on equity.

Asset management firms are rather intermediaries who advise and invest in and manage funds on behalf of their clients. These firms apply ” financial analysis, asset selection, stock selection, plan implementation and ongoing monitoring” in order to provide portfolios that fits the needs, objectives and risk tolerance of their clients and reach the optimal return for the given risk. They are not behind a specific stock, company, bond or any other asset class (that might include PE), they just manage the allocation of funds among these.

Investment banking is a little bit fuzzy word, but in its strict meaning, it refers to firms that help in the securitization, security issuance (equity or bonds), IPO’s, mergers and acquisitions, underwriting, … So, investment banks do not actually own the shares they help issue in case of an IPO (well sometimes they do) but it is only with the intention of selling them on the secondary market, with hopefully high enough spreads.

So few criteria to distinguish between the 3 if you will is the level of ownership of assets, degree of involvement and holding horizon. I would rank the 3 companies from ‘high’ on all these 3 criteria (PE) to ‘low’ (IB). PE’s make big and long term commitments by taking over a majority or minority parts of a company (think about Cerberus in GMAC) in order to either influence its management or take advantage of a long-term capital need. Asset managements only construct portfolios of different assets on behalf of their clients and do not own these assets themselves (If one asset loses value, only investors holding that specific asset lose money, the AM company itself do not incure any loss, whereas for an PE, if a company make a loss, the loss is reflected in the value of PE and all investors in PE take that loss). IBs theoretically do not get involved in the asset price or value beyond their function as advisors and underwritters (well they could lose money in some cases)

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Q&A: Lehman Brothers investment job?

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Question by IvyLeagueBch: Lehman Brothers investment job?
I am currently applying for an internship at Lehman Brothers. I’m not sure what the difference is between “capital markets” and “securitization banking” and “investment banking.”

Any info on that (Yes, I realize I should know the difference, but this is an internship…so I presume training.)

Best answer:

Answer by frank m
They are all part of the same machine. The Capital Markets portion of the bank raises money for firms, and in this case it is likely all debt-based capital; it refers to the sales (call mutual/hedge/pension funds and sell them bonds), trading (price bonds), research/strategy (analyze markets), and banking groups (work with issuers of bonds and structure bonds) that cover that process. Capital Markets generally includes Investment Banking, which at most banks includes securitization banking. Investment Bankers can do anything from work with Toyota to help it raise money to build more cars, to structure the bonds that Toyota is selling to investors in a way that will get the most money for Toyota (and the banker, of course). Securitization Banking is focused on MBS/ABS/CMBS bonds, which derive their cash flows from a pool of assets (for instance car loans originated by Toyota Finance) rather than Corporate Bonds that derive cash flows from the revenue the corporation earns while doing business (i.e. revenue Toyota earns from selling cars). Securitization is definitely where you want to be – it is where all of the real money is flowing around, but the general public is completely unfamiliar with it. CDOs and especially CRE CDOs (Commercial Real Estate Collateralised Debt Obligations) are going to be particularly hot in 2007, although I don’t know about going with them over the long-term. Some Consumer ABS such as Auto Loans/Leases and residential mortgages (especially subprime or HEL) will likely be very interesting this year because both of those markets will likely have the greatest hardships (and you don’t care if they don’t do great since you’re not getting a significant bonus at this point, but you’ll probably have an opportunity to learn a lot). If I could start over, I’d start in structuring, there will be (and already is) big demand in new markets for folks who have some structuring experience to segue into trading, banking, even origination. But I’d also like to start over in Sales – you’re forced to know a little about everything, and all of my co-workers in sales make big coin (they get handed accounts, and get paid whether the trade makes money or not – you can’t beat that). I’ll stop here, but if you want more feel free to send me a message under my profile – if you haven’t interviewed yet, I’ll shoot you some recent Lehman research so you’ll have some good questions to ask.

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securitization and subprime investment?

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Question by hetbh123: securitization and subprime investment?
I don’t really understand this concept and how these two are related are are causing the financial crisis it is today. the ethical issue that is imposing on companies such as AIG….Can someone explain to me? thank you very much.

Best answer:

Answer by Ed Atun
In 2003 bank accounts were paying 1% interest. Many people had their life savings in the bank. Merrill Lynch was investing money in mortgages that paid 6%. Merrill said they would pay people 5% which was great compared to 1% at the bank. Merrill made 1% profit and people got 5% on their life savings. Everyone was happy. So Merrill started loaning to people with bad credit (subprime) at 8%. The people could now get 7% on their money. Much better than 1%. Merrill still made its 1% profit on every mortgage. This worked great. Merrill was not selling mortgages to the citizens of the USA. They were selling investments in a giant pool of mortgages. When a citizen received their 7% interest, they did not own a mortgage. They owned a “security” that was invested in mortgages.
But the people with bad credit did not pay their mortgages. People quickly realized that they might not get their 7% interest. They might not get anything at all. All of a sudden, the old 1% in the bank looked very safe. So everyone pulled out at once. The money disappeared. Merrill Lynch had no money to pay employees; no money to buy new mortgages; no money to do anything. So it all folded…

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What is an investment banker and what does he/she do?

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Question by HeavenlyBliss: What is an investment banker and what does he/she do?
In addition, is the position very lucrative?

Best answer:

Answer by heart_and_troll
There are numerous job functions in investment banking. Yes, the positions can be very lucrative, but they are also very time consuming kinds of work – long hours, 90 hrs a week, and hard to get hired into, because it’s so competitive.

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What exactly does an Investment Banker do?

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Question by evil cookie: What exactly does an Investment Banker do?
and would you have any tips for an IB interview?

thanks

Best answer:

Answer by Nathiya
Investment banker’s duty is to advise their clients on high level issues of financial organization. They handle issuance of bonds, recommend and execute strategies for taking over and merging with other companies, and handle selling a company’s stock to the public. Work weeks of 70 hours or more are common, and all night sessions before deals close are the rule rather than the exception. Most commonly, investment bankers who leave the profession go on to financial jobs in-house with a client of their former banking firm, as financial officers and analysts. Bankers who have become sufficiently established, with clients who trust them and reputations for expertise in their fields, can become entrepreneurs, leaving their firms to set up their own investment banks.

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Would a tax on stock trading slow down the churning and encourage investment instead of gambling?

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Question by goddessinglasses: Would a tax on stock trading slow down the churning and encourage investment instead of gambling?
Should the slicing up of mortgages be banned? How could these transactions become more orderly and transparent, while making some $ $ .
Heard that on the radio. Actually, it sounds like too much investing willy nilly was going on. So, yes, maybe it needs to be slowed down.

Now, put aside your neocon stuff and give us some ideas. Stop reacting- start thinking. I asked the question to get ideas, not this recycled propaganda.
* I am also told that this is working in England.

Best answer:

Answer by curtisports2
Yeah, the answer to encourage investment is another tax. Sheesh.

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