New York partner Tom Gray recently published an article in the Journal of Taxation titled, “Hedge Fund Capital Accounts and Revaluations: Are They Section 704(b) Compliant?” The article discussed partnership agreements of hedge funds, and how they stand out in areas such as the determination of profits and losses as well as how such determination affects the capital accounts of the partners.

Read: Hedge Fund Capital Accounts and Revaluations: Are They Section 704(b) Compliant?

Source: Journal of Taxation