For years, regulators have scrutinized the tax practices of private equity firms on several fronts. One relatively recent example occurred in 2012 when the New York Attorney General led an investigation regarding private equity funds’ conversion of certain management fees into investments that are eligible for more favorable tax treatment, also known as fee waiver…
Author: Alyssa McAnney
University of Michigan
JD Candidate, 2015
Cornell University
BS in Industrial and Labor Relations, 2012
The Caribbean Detroit: Puerto Rico’s Debt Crisis
Despite the severity of the debt circumstances in Puerto Rico, the financial crisis has gone largely unnoticed. The lack of attention on Puerto Rico is particularly shocking when comparing the crisis to the current state of Detroit. The island has a population of 3.7 million and debts of about $87 billion; this compares with a…
The Volcker Rule: Implementation Imminent or Unlikely?
Paul Volcker, former United States Federal Reserve Chairman and originator of the Volcker Rule, was appointed to the President’s Economic Recovery Advisory Board in early 20091 The board was created with the intent to advise the Obama Administration on economic recovery matters. The creation of the board also gave Volcker the platform to lay the…
Private Equity Funds and the Use of Group Annuity Contracts to De-Risk the Pension Obligations of Portfolio Companies
Private equity firms acquiring portfolio companies with defined benefit pension schemes often overlook the financial risks associated with these funds.1 For private equity firms, the opportunity to realize additional value through efficient risk management of the pension fund by de-risking is an important consideration facilitated by the passage of the Pension Protection Act of 2006…