A message from our CEO: COVID-19 update

To our clients and partners.

Our thoughts are with you all during these challenging times.

Since the onset of this pandemic we have prioritized our commitment to our team’s health and safety. We were prepared for remote operations long before mandates for social distancing were implemented.

Progressive transparency is a key value to us at Capstone. Employing it with discipline through these uncertain times has enabled us to adapt proactively to evolving health and safety challenges, keeping our operations uninterrupted and our investment strategies agile, while we continue to deliver exceptional client service.

I am proud of each and every member of our team and continue to support them in their commitment to their families, communities and our clients and partners through the ongoing social and economic impacts of this unsettling time.

Please take care of yourselves.

Paul Britton
CEO

New York

Tax Manager

 

RESPONSIBILITIES:

Management Company

  • Lead tax consulting calls with external providers, including staying on top of legislation updates and briefing management on impacts and suggested responses
  • Continuous evaluation of optimal tax structures for both the management company and the funds
  • Lead calls regarding potential offices/employees in new jurisdictions. Prepare analysis of business impact of local tax laws
  • Liaise and own the relationship with accounting/tax firms for K1s and tax filings for all global entities
  • Manage complex partnership PNL allocations
  • Deferred compensation arrangements
  • Administer withholding and remittance of Pass-through entity tax
  • Transfer pricing for all global entities
  • Employee/partner related tax issues:
    • UK: salaried member rules, overlap tax, etc.
    • Worldwide deferral/clawback structures
  • Stay up to speed on current tax legislation to determine impact on the firm/funds and plan accordingly
  • Responsible for all tax compliance:
    • US: State and local: NY, CT, CA, 1042 withholding
    • UK: Corporate tax filings, P11D, VAT
    • Netherlands: Annual Tax Filings
    • Australia: Annual Tax filings, Monthly/Quarterly Reporting
    • Additional jurisdictions as they are added
    • Tax estimates as needed
  • Liaise with the firm’s partners and their tax providers to ensure we are optimizing their tax picture by keeping them up to speed on changes at the firm
  • Ad hoc analysis as necessary

Fund

  • K1s and tax filings for all entities
  • Dividend withholding tax – review for 871m combination rule withholding as well as US dividend withholding
  • Fund structuring for new fund launches (customized fund of ones for single investor vehicles as well as multi-investor vehicles) including US (LP, LLC), Cayman (exempted companies and LPs) and Irish (ICAVs) entities
  • Review of tax section of PPMs for above
  • Tax election analysis (e.g. 475 elections) and tax treaty analysis for foreign investors
    • 475 election vs realization method vs mixed straddle account election
    • 1256 contracts, straddle and mixed straddle analysis
  • Research tax treatment and field tax questions from portfolio managers regarding security specific tax questions including MLPs, SPACs, REITs, etc.
  • Explore tax considerations when onboarding new portfolio managers/pods as well as sign-off on new product approvals as it relates to tax treatment, including emerging markets
  • ASC 740 analysis for the fund’s annual audit
  • Ad hoc analysis as necessary

DESIRABLE CANDIDATES: 

  • 7-12 years of experience with a hedge fund or other alternative investment advisor/real estate advisor is preferred; Tax experience is a must
  • Self-starter who is able to drive the tax function and strategy
  • Knowledge of hedge fund manager structures (manager vs. GP entities) as well as fund structures (e.g. master-feeder, single investor) required
  • Understanding of partnership taxation including experience with tax allocations is strongly preferred
  • Ability to work independently and self-educate on key tax topics strongly preferred
  • B.S. in Accounting or Finance, CPA certification is a plus

 

Apply.

Disclaimer: This website is for informational purposes only and should not be construed as legal, tax, investment or other advice. It does not constitute an offer to sell, or the solicitation of an offer to buy, any product, security or service. Any such offer or solicitation will only be made to qualified offerees.

Unless otherwise indicated, the information contained herein is current as of the date indicated on the Website. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions contained within this Website. Additionally, there is no obligation to update, modify or amend this communication or to otherwise notify a reader in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.