“So this is where, again, we've tried to keep it as simple and clean as possible. So the fund itself is a fund of funds. So it's a fund that's domiciled in Gift City. That's the Geo BlackRock Fund. And it's buying an underlying usage fund, which is the BlackRock World Advantage Active Equity Fund.”

The Core Report · #1026 The Political, Economic and Market Impact Of The US Midterm Elections On India

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What was described

structured the product as a fund-of-funds domiciled in Gift City that invests in the BlackRock World Advantage Active Equity Fund, so that rebalancing happens inside the underlying fund and end investors see no direct impact

short-term capital gains taxed at slab rate for holdings under 24 months, long-term at 12.5 %; CES and TCS charges apply above 10 lakhs per year

Said nearby on the same subject

“Master feeder structures are key to hedge fund operations. A master feeder structure is a setup where multiple feeder funds pool their money into one master fund, and the master fund does all the trading and investing.”
♫
Said on The Core Report
Business model Share this moment
“Our fourth fund we're opening now which is focused on this dual use defense national security thesis. It structures an opportunity zone fund which if you have capital gains you can invest, you can essentially defer and eliminate all the taxes associated with that investment up to 30 years.”
♫
Said on The Deal Table
Data play 30 years Share this moment
“I wouldn't use the funds to buy investment properties. I'd be using the funds to reduce my owner-occupied debt and then leveraging to buy investment properties.”
♫
Said on this is property
Contrarian take Share this moment
“In our funds, every single person that is legally eligible by the SEC is invested in the funds. And that's not just the investment team or some of the senior members in the organization.”
MM
Mavic Capital Management Vic Uppal
Capital Allocators - Inside the Institutional Investment Industry ·
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