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Attorneys
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'Funds of Funds' Tax Loophole ClosesJuly 10, 2008Ameek Ashok Ponda was quoted in the July 10, 2008 edition of The Wall Street Journal. The article, entitled “'Funds of Funds,' Tax Loophole Closes” discusses a recent ruling by the Internal Revenue Service that makes clear that management fees on so-called funds of funds, which invest in hedge funds, must be treated as investment expenses.
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