FoFs Firm Robeco-Sage Simplifies Tax Reporting For Investors

Dec 14 2010 | 10:04pm ET

Fund of hedge funds firm Robeco-Sage is aiming to make filing taxes for its investors a little bit easier. Starting this month, it has converted its SEC registered multi-strategy fund tax reporting from K-1 tax filings to Form 1099 reporting. According to the firm, with this change, Robeco-Sage becomes one of only a few fund of hedge funds to make 1099 reporting available to its investors.

“The K-1 tax reporting process can be a deterrent to some investors, not only because it is perceived by some as complex, but also because K-1’s are often not made available until much later in the year than Form 1099’s, often requiring investors to file tax extensions,” said Jill Schurtz, CEO of Robeco-Sage. 

“This change also opens the door to those who want access to the benefits hedge funds offer but haven’t invested in them historically because of K-1’s,” said Bill Stout, director of investor relations for Robeco-Sage.  

“Investing in hedge funds on behalf of our clients has been our sole focus for 16 years.  We were early adopters of SEC registered vehicles for hedge fund investing, an approach that has gained much attention in the wake of the financial crisis, and early adopters of simplified tax reporting. We intend to continue our tradition of excellence and innovation, offering our investors best in class hedge fund investment solutions,” said Schurtz. 

Robeco-Sage Multi-Strategy Fund is an SEC registered multi-strategy fund of hedge funds that was launched in 2005. The firm itself was formed in 1994 by former partners of Goldman Sachs to focus exclusively on fund of hedge funds portfolios. In 2002, the founders partnered with the Robeco Group to form an institutional quality infrastructure. Robeco-Sage is now a division of the Robeco Group, a $197 billion asset management firm and wholly-owned subsidiary of Rabobank.


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