Will Someone Please List a Hedge Fund in the US?

Ackman Says Pershing Fund May Seek Listing

Mr. Ackman said Wednesday that the “time isn’t right yet” to list his fund. But he seemed to have little doubt that public status was worth considering.

“I’m a believer that certain hedge funds should be publicly traded,” he said.

I couldn’t agree more – it’s time for the US to catch up with London (and Switzerland and Canada).

I have been having conversations with various investment companies and lawyers trying to get a feel for the tax implications of the foreign listed hedge funds(ie are they subject to PFIC taxes?) and have yet to get any good answers.

CPAs on the list do you have any thoughts to add?

Shocking Fund Stats:

4, 5, and 27

The total number of real estate exchange-traded funds in existence at the end of 2005, 2006, and 2007, respectively (and 2007 isn’t over yet!). Many of these “me too” funds were launched at the worst possible time, as Russ Kinnel wrote in a recent Fund Spy. The typical real estate fund has dropped more than 12% so far in 2007.

AQR is still struggling. . .