Switching from UK GAAP unlikely to boost hedge fund profits

Accountants caution UK managers seeking IFRS tax arbitrage


As an old accountancy system phases out, UK hedge fund managers now face a choice between two systems: the revised UK Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Those hoping that one system will inflate their profits and diminish their tax liabilities – and having paid a consultant a big sum to tell them this – will probably be disappointed. "For the majority it won't make much of an impact," says Matthew Crisp, London-based partner at

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: