Alternative investments

PwC alternatives: Volume 4 no. 2 This issue includes the following: Regulatory changes in the US and the EU directive, The "Big Bang" Protocol and its effects on credit default swaps, Prepare for transition – the FASB codification, Dark pools of liquidity, All aboard! The impact of the NYS MTA payroll tax on alternative investment fund managers, Tax developments in China, and Legislative developments in India: New tax code and limited liability partnership legislation.

Seeking transparency in uncertain times: Refocusing your investment adviser due diligence program It is no longer advisable for investors to rely on the historical performance returns of investment managers.

Private Fund Investment Advisers Registration Act of 2009 On July 15th the Obama Administration delivered proposed legislation to Capitol Hill requiring nearly all investment advisers to private investment pools (hedge funds, private equity funds, venture capital funds) to register with the SEC and subjecting them to new reporting and record keeping requirements.

The day after tomorrow for asset management The second of our Day after tomorrow perspective series, in this report we set out some of the most critical issues the industry faces today and in the future.

Global Private Banking and Wealth Management Survey 2009 -- A new era: Redefining ways to deliver trusted advice Established since 1993, this year's survey features data from 238 wealth managers in 40 countries. It includes input from senior management, with respondents ranging from global banks to specialists boutiques, family offices and high net worth individuals, providing significant insights into the global private banking and wealth management marketplace. Click to learn more about this year's key themes and findings.

Revised foreign bank account reporting causes additional burdens for investment funds and advisors Investment fund managers should be aware of major changes to the foreign bank account reporting rules that impact filings due on June 30, 2009. Form TD F 90-22.1, "Report of Foreign Bank and Financial Accounts," has been revised and now requires significantly more information to be provided to the Internal Revenue Service (IRS) regarding foreign financial accounts and non-US owners of such accounts.

The Professional Development Program 2009 calendar The Professional Development Program includes a variety of learning solutions including: over 30 seminar courses, eLearning self studies, podcasts and webcasts to meet your needs in this rapidly changing industry.

Foreign fund management companies in China: April 2009 The 2009 Foreign Fund Management in China survey represents the view of 29 out of the 33 companies operating foreign joint ventures in China. The 29 respondents manage approximately 40% of the assets under management in China.

Our industry leadership

PricewaterhouseCoopers is a recognized leader in serving both traditional and alternative investment management products. Our alternative investments group provides clients with:

• Coordinated accounting, tax and advisory knowledge
• Tax and business experience - domestically and internationally - on the tax planning and structuring issues associated with alternative investment strategies and products
• Industry knowledge to allow you to benchmark your practices against others in the industry
• Established relationships with the major participants in the marketplace.

Our services

The foundation of many of our client relationships includes independent audits and pro-active global tax services. The advisory services we offer the industry, however, range well beyond these cornerstones, and they include:

• Regulatory compliance consulting
• Product structuring
• Transaction services/due diligence
• Operational and systems advisory services
• Risk management services
• Investment performance measurement