Katherine Bucaccio

The Cayman finance ministry has published draft guidance for the global tax information sharing initiative, for which Cayman-based GPs will have to start reporting in May 2017.

An event next month will feature a panel on exam priorities and special Q&As for large and small advisors.

 Xenia Loos has joined from AAC Capital as the social impact investment firm pushes to expand its team worldwide.

The proposed legislation is part of a multi-state effort on carried interest tax reform, and aims to close the current ‘loophole’ at the state level by taxing carry as ordinary income instead of as capital gains.

After studying 73 US public plans, Pew advocated for the use of the ILPA fee template and recommended that all plans report bottom-line performance both net and gross of fees.

 The Institutional Limited Partners Association has been speaking at private equity industry events across Europe and the US to discuss the new fee reporting template.

Already facing prison time, Federico Buenrostro will pay $250,000 to settle the civil lawsuit from the pay-to-play scheme he ran while leading the pension fund.

 Tosi, who resigned last year, earned $3m more in 2015 than in 2014 despite being ineligible for any bonus compensation.

Proposed by state assemblyman Ken Cooley and backed by treasurer John Chiang, the bill would not only require GPs to provide detailed fee information to state pensions, but would also require pensions to disclose that information to the public.

 The regulator has made ‘informal’ inquiries regarding Carlyle’s historical monitoring fee acceleration practices.