No doubt all of us at one time or another are swayed by appearances, if we are honest with ourselves.  Only later do we discover that this suspension of disbelief has hurt our results.  Let me state upfront that this happened to us in our relative youth, and share what we learned from it.  No bona fide excuses, we fell into this trap in the early 2000’s with a small investment in Bayou Fund.  Notwithstanding the size, it was painful, dumb and avoidable

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The overall climate for hedge fund seeding activity warmed considerably in 2018, as the hedge fund industry and the financial markets moved beyond the volatility of 2016 and the perception of being overheated in 2017, resulting in one of the busiest years we have observed for seeding activity in the last decade. Our data indicates that seed deal activity increased decisively year over year, with institutional seeders reasserting themselves as the dominant drivers of activity in the marketplace

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Our recent white paper, titled “Welcome to the Land of OZ – Tax Benefits of Investing in a Qualified Opportunity Zone Fund,” explored new opportunities resulting from the 2017 tax reform bill to cash out unrealized gains and put them to work within certain low-income areas (called Opportunity Zones) while deferring taxes until December 31, 2026. This follow up white paper provides an overview of techniques for measuring the fair value of these real estate assets under U.S. GAAP.

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