Hedge Funds and Taxes: Tax Planning Strategies for U.S. Investors in Domestic and Offshore Hedge Funds
This paper examines the taxation of U.S. investors in domestic and offshore hedge funds and reviews some tax-planning techniques that were inspired by the current high state of taxation.
Yukos Oil: A Corporate Governance Success Story?
The story of Yukos Oil and its chief executive, Mikhail Khodorkovsky, took a dramatic turn this year when the Russian government began investigating Khodorkovsky and other major shareholders. How the case will be resolved is still not known, but it has created a crisis of confidence among investors in the new Russia.
Joining Forces and Turning Heads: The Nikko Salomon Smith Barney Joint Venture
Nikko Salomon Smith Barney, the highly successful investment banking venture formed in 1998 by Nikko Securities of Japan and Citigroup's Salomon Smith Barney unit, has been the subject of much debate.
Forecasting the Global Economy in 2003
John Lonski, managing director and chief economist at Moody's Investors Service, comments on recent economic indicators at home and abroad, identifies trends in inflation and job creation and discusses possible stimulus solutions. He further explores the economic prospects for emerging markets in Latin America, Asia and Europe, delving into reforming the international financial framework.
The Japanese Economy
Robert Fallon, former head of global financial services at JP Morgan Chase, shares his thoughts on the troubled Japanese economy, focusing on nonperforming loans. He also offers insight into possible solutions.
Investment Privatization Funds, Banks, and Corporate Governance in the Czech Republic and Russia
One of the central problems facing economic reformers in East-Central Europe and the former Soviet Union in the 1990s was the establishment of effective mechanisms of corporate governance for privatized enterprises.