Victoria Robson

Andrew Ratcliffe joins the youth-focused charity from the Africa Governance Initiative.

Investments held for more than four years will remain subject to capital gains tax, the UK government assured managers this week.

In a new op-ed piece, the Democratic front-runner reiterated her proposal to reform carried interest taxation as part of her broader agenda for the financial sector. 

UK-based managers are still awaiting how the government will define 'long-term investment' before feeling safe about a potential carried interest tax hike. 

The LP trade body will circulate a draft template for uniform fee reporting later this month under a new ‘Fee Transparency Initiative.'

LPs recent enthusiasm for direct investment is an untested phenomenon in the industry, warned CDPQ’s executive VP of private equity Andreas Beroutsos.

The London-based buyout firm recruited talent from consultancy ERM to oversee its responsible investment efforts.   

Jim Strang will take on the newly created position at the firm’s second largest office.

The Treasury has invited the industry to respond to its proposed changes to existing limited partnership legislation, including introducing a list of permitted LP activities. 

The immediate tax change is accompanied by a consultation on fund manager rewards.