Section of Taxation Publications
  VOL. 57
NO. 1
FALL 2003
Contents | TTL Home

 Note: The following is an excerpt from the introduction to the article as published in The Tax Lawyer. Author citations have been omitted for brevity. Tax Section members may read the article in its entirety in Adobe Acrobat format.
 The Hedge Fund Versus the Mutual Fund
Alan L. Kennard*

*Partner, Ungaretti & Harris, Chicago, Illinois. Ohio State University, B.S. 1986, J.D. 1991.


In determining whether to create, or invest in, a collective investment vehicle providing a risk arbitrage or other type of investment strategy, it is imperative that the major differences between a mutual fund and a hedge fund be understood. This article is a general summary of some of these major differences, with an emphasis on federal income taxation.


Published by
Section of Taxation, American Bar Association
With the Assistance of
Georgetown University Law Center


If you are an ABA member, you can receive The Tax Lawyer and the Section NewsQuarterly, both quarterly publications, when you join the Section of Taxation. Anyone can subscribe to The Tax Lawyer by contacting the ABA Service Center.