Jason Kohout Comments on Renaissance Shutting Down Medallion Fund
August 15, 2022
Bloomberg
Foley & Lardner LLP Partner Jason Kohout is quoted in the Bloomberg article, “Renaissance Ends No-Fee Investment Perk After IRS Complaints,” about how Renaissance Technologies has ended its no-fee Medallion investment fund for employees after the IRS argued that such fee waivers should be considered taxable compensation.
Kohout said that while it is murky territory, “It is kind of common to say ‘we are not going to take compensation to avoid any self-dealing issues.’”
“IRS guidance in this area is pretty limited, especially when it comes to the ways investment managers are paid,” he added.
The article also ran in Accounting Today and Financial Advisor.
People
Related News
June 26, 2025
In the News
Alejandro Gomez-Strozzi on Mexico-US Auto Parts Trade – 'Going forward, there is nothing but integration'
Foley & Lardner lLP partner Alejandro Gómez-Strozzi shared insights on foreign direct investment around Mexico's automotive parts sector in the El Economista article, "Efecto Trump pega más a IED en autopartes que en autos y camiones."
June 25, 2025
In the News
Jocelyn Lavallo Explores Nuclear's Emerging Role in Project Finance
Foley & Lardner LLP partner Jocelyn Lavallo examined the increasing relevance of advanced nuclear technologies in the evolving clean energy landscape in her Environment+Energy Leader article, "Nuclear’s Emerging Role in Project Finance: A Cross-Technology Perspective."
June 25, 2025
In the News
Kyle Faget Comments on AI, User Fees Ahead of MDUFA Negotiations
Foley & Lardner LLP partner Kyle Faget weighed in on the role of user fees and artificial intelligence as stakeholders prepare for the next Medical Device User Fee Amendments (MDUFA) reauthorization in the Medtech Insight article, "Will Kennedy And Makary Come To Terms On User Fees During Next Round Of MDUFA Negotiations?"