Exact(9)
Some investors have found this out the hard way as subprime-related troubles have rattled parts of the hedge-fund industry, leading to steep losses at funds such as Sowood Capital, Basis Capital and United Capital Asset Management.
On a net basis, capital spending is nearer £25bn.
Martin Shenkman, a Teaneck, N.J., tax lawyer, said that while ordinary repair and maintenance costs cannot be used to increase a taxpayer's adjusted basis, capital improvements made to the home can amount to a considerable amount of money over a span of years.
Within weeks, Basis Capital liquidated its hedge fund.
Basis Capital, founded in 1999, had more than $1 billion in assets as recently as May.
In Australia, hedge fund Basis Capital has lost 80% of certain investors' money.
Similar(51)
Absent that basis for capital markets, the billions of dollars of capital showered on the world's poor by international agencies is like seed falling on barren ground.
This approach drew the ire of Liberal leader David Swann, who supported increased government spending for economic stimulus purposes, but drew support from some economists and was defended by Evans on the basis that capital spending was at twice the per capital level of the Canadian average.
"Intel wants to compete on the basis of capital," he said.
That, combined with the $1.3 million in artificial basis plus capital losses, zeroed out the gains.
The rise of the Florentine woolen cloth industry and of banking provided a basis of capital.
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