RSM: Participants at the 10th Annual RSM New York Investment Industry Summit gained insights on how new opportunity zone tax incentives can make reinvesting capital gains in economically distressed communities very rewarding. Read more…

RSM: The 2017 Tax Cuts and Jobs Act created a new investment vehicle intended to stimulate economic growth in distressed communities. Qualified opportunity zones (QOZs) are pre-selected areas around the United States where investors can hold capital gains for preferential tax treatment while struggling communities can benefit from an influx of development and funding. Listen to Audiocast…

UMB Fund Services Tax Managing Director, Spencer Erickson, spoke to Private Equity Wire about opportunities in Opportunity Zone Funds and how UMB is supporting clients entering the space.

The Opportunity Zones program is a new economic development tool, designed to encourage economic investment and job creation in distressed areas of communities, by allowing an incentive to taxpayers who re-invest capital gains in designated Opportunity Zones.

RSM: Among the most pressing cybersecurity issues facing financial managers is the decision whether and to what extent to move data to the cloud. Read more…

RSM: As the trend toward outsourcing accounting, IT and other back-office functions continues, investors are looking more closely than ever at how asset managers choose and supervise third-party service providers. Read more…

Jill Carlton, senior vice president and director of alternative investments at UMB Fund Services, discusses insights from a recent alternative investment survey conducted through a partnership with the Hedge Fund Association.

The days of the generic offshore hedge fund feel like a distant memory. Regulation and other factors, both in the US and Europe, have led to a proliferation of new fund products to cater to the changing needs and desires of institutional investors.

Results and key takeaways from the 2018 second quarter survey of institutional investors, alternative investment managers and industry executives conducted by the Hedge Fund Association and sponsored by thought leader UMB Fund Services.

By RSM — On Dec. 22, 2017, President Trump signed H.R.1 into law. The legislation, often referred to as the Tax Cuts and Jobs Act (TCJA), is a significant piece of legislation and many of the provisions went into effect Jan. 1, 2018. It is important to understand the impact of the major provisions affecting individuals, in particular, executives, founders and general partners of alternative investment fund structures such as private equity or hedge funds.