Tax concerns remain top of the agenda

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As the debate about on/offshore and regulated/unregulated hedge funds continues, one thing remains clear: the need for tax neutrality for the fund. How the conflicting demands of investors, fund management company and others involved in the fund are balanced is a tricky business and one in which accountancy firms excel.

Lachlan Roos, UK hedge funds tax leader at PricewaterhouseCoopers (PwC), believes the first consideration when building a fund structure is choice of domicile. This leads straight