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We're in a fund structure so we have a seven-year holding period.
Yet Mr. Falcone has indicated in the past that the hedge fund structure frustrates him, too.
"They've realized the viability of rare stamps as an asset class, but they want to deal in a fund structure".
Currently, most fund investors, because they are tax-exempt, are mostly indifferent to the tax consequences of the fund structure.
"Let's not have it be perceived as effective if in reality it is not," said Steven M.H. Wallman, a former S.E.C. commissioner, referring to the current fund structure.
Stefan Sharkansky, the chief executive of Personal Fund, said that mutual funds would be around for a while, but that, "over time, the mutual fund structure will be displaced by mass-customized personal accounts".
Similar(38)
What will be interesting though is to see how the fund structures itself long-term.
There are no credit default swaps, leverage multiples, or obscure fund structures standing between company and investor.
Their revenue models and fund structures might shift, but they'll continue to control where the capital goes.
Independently of the big battles, they should fund structures that support the places that have already proven themselves as excellent".
"We have to be very careful about who we accept donations from, particularly to fund structures of the Church.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com