ASU 2023-09 particularly impacts funds registered with the Investment Company Act of 1940, such as open-end, closed-end and exchange-traded funds (ETFs).
Read MoreCould an ETF share class be an efficient extension of your existing product line? Four areas will be key: regulatory approval, operational readiness, tax treatment and governance.
Read MoreThe iconic Drake hotel ballroom in Chicago was bustling with chatter during our recent Cohen Client Conference — not from the sounds of past famous heads of state and celebrities who have stayed there and left their mark — but with the excitement of asset managers, board members...
Read MoreThere has been growing buzz around the undeniable surge in the ETF share class and digital asset ETF applications within the Investment Company Act of 1940 (’40 Act) and 1933 Act Securities Act (’33 Act) structures. As these innovative offerings gain traction, issuers and service...
Read MoreIndependent directors in the registered fund arena play a critical role in fund governance and protecting shareholder interests. The Independent Directors Council’s 2024 Annual Review noted that as of September 30, 2024, there were just over 1,600 independent directors overseeing...
Read MoreThe investment management industry is constantly evolving, driven by regulatory changes, market dynamics and innovative financial products. At the recent Cohen Client Conference, we explored several key tax trends impacting mutual funds, ETFs, private equity and hedge funds. Below is an update on...
Read MoreThe SEC is undergoing a transformative phase under the leadership of Chairman Paul Atkins, who returned to the SEC in 2025 after serving as a commissioner from 2002 to 2008. The SEC is critical to our clients and anyone in the investment industry, so we focused one of our Cohen Client Conference...
Read MoreAt our recent Cohen Client Conference focused on the investment industry, our “Navigating Trends: M&A in Asset Management” panel provided a glimpse into what we are seeing, and what we can expect, regarding new mergers and acquisitions in the asset management space. And it looks...
Read MoreIn November 2024, the Kingdom of Norway and the U.S. entered a Competent Authority Arrangement (CAA), which allows U.S. Regulated Investment Companies (RICs) to claim tax benefits under the U.S.-Norway Double Tax Treaty (DTT). This agreement reduces the dividend withholding tax rate for...
Read MorePosted by Mike DellavalleThe digital asset space continues to captivate us with every nuance and (rev)evolutionary moment. For 2025, we believe there will be even more excitement and energy to both monitor and experience. Below are the five trends topping our radar:Approval and Launch of...
Read MoreRecently, we were fortunate to participate on a webinar for the Alternative Investment Management Association (AIMA) discussing the hot topic of converting an existing private fund to a registered fund, versus launching an entirely new one.Below are a few of the critical variables the panel...
Read MoreThis is an exciting time in the world of registered funds — there are new products frequently entering the marketplace in a myriad of ways! Historically we have seen many registered funds, including mutual funds, exchange-traded funds and closed-end funds, come to market by way of a cash...
Read MoreThis year has been historic for both the digital asset and exchange-traded fund (ETF) communities. In January, the SEC approved 11 spot Bitcoin ETFs, followed by eight spot Ethereum ETFs in July. With extensive experience and expertise in both the registered ETF and digital asset private fund...
Read MoreJay Laurila recently participated in a Nasdaq-sponsored webinar that also featured ETF specialists from K&L Gates and Brown Brothers Harriman. The insightful and wide-ranging discussion explored best practices for navigating the nuances of conversions to ETFs from mutual funds, SMAs and...
Read MoreAt the Investment Company Institute’s 2024 Leadership Summit, the rise of exchange-traded funds (ETFs) was the focal point for many participants and panelists. As part of the event, Board IQ took a few moments to interview Registered Funds Market Leader Brett Eichenberger alongside other...
Read MoreTax equalization is one of the most tax-efficient strategies available to a regulated investment company (RIC). The strategy can reduce or even potentially eliminate a capital gain distribution requirement for your fund and your shareholders — yet not everyone uses it. While there...
Read MoreKeeping the momentum of a record breaking 2023 — when the PCAOB was more active with standard setting and rulemaking than it had been over the past 10 years — the oversight body issued its second and third proposals of 2024 on April 9. PCAOB Release No. 2024-004, Firm and Engagement...
Read MoreOn January 10, 2024, the SEC approved the listing and trading of 11 spot bitcoin exchange-traded products. These products, known as spot bitcoin ETFs, began trading on January 11, 2024. Now that they are officially on the market, a natural — and important — question is, how will they...
Read MoreIn the highly collaborative world of exchange-traded funds (ETFs), building and maintaining a strong network is key. Erin McClafferty recently joined Bill Arnold, Regional ETF Director of SEI, and Jennica Ross, Co-President of Women in ETFs U.S., on SEI’s ETF Revolution...
Read MoreCohen & Co is pleased to announce Rob Meiner, CPA, MST, has joined the firm’s growing Registered Funds Group as a Tax Partner residing in the New York City office. With over 30 years of asset management tax experience, including serving as head of the registered funds tax practice at a...
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