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Is it dodgy? You buy a share in a fund, that fund buys and sells, should you pay capital gains on every sale that fund makes? I don't think that has any precede
by cheez 9y ago
Is it dodgy? You buy a share in a fund, that fund buys and sells, should you pay capital gains on every sale that fund makes? I don't think that has any precedent. You pay tax when you sell your share.
- cma 9y agoThe type of strategy they employed isn't something small time investors could. It was a complex option scheme essentially buying options on their own short term trading.
- dsacco 9y agoWhile what you're saying is true, in fairness there are two caveats: 1. Virtually all profitable strategies run by hedge funds are inaccessible to small time investors nearly by definition, because they have more capital and lower capacity constraints, 2. The partnership you're talking about with Deutsche Bank doesn't account for most of their returns, and was only in effect in the last decade, not decades before.