Formula Growth (2 strategies invested in: Long & Long/Short)
Formula Growth (2 strategies invested in: Long & Long/Short)
Name of Investment/ Investment Strategy |
Formula Growth (2 strategies invested in: Long & Long/Short) |
New Category | Domestic |
Investment Manager | Formula Growth |
Fund Status | |
Archive | No |
Custodian | Formula Growth Hedge Fund |
Jurisdiction | Canadian Trust that invests in Class A & F units offered in USD |
T1135 Reporting | No |
Currency | USD |
Tax Slip | T Slips (T3/T5). It's a T3 (2014) - Risk - if charitable foundation client has over certain % invested tax implications could occur Please note realized gain/loss reports will also need to be requested in order to ensure all transactions are captured. T slips provide data at the fund level but if a client triggers a sale or purchase it would not be captured in the T slip |
Receiver of Tax Receipt |
RFO/Client |
Tax Slips Expected |
|
Statements Expected |
Quarterly |
Accounting Treatment |
Per T Slip. Distribution received recorded as deferred income and reallocate per T slip at year-end. |
Tax Memo/ Tax Treatment |
Per T Slip |
US Tax Return Required | No |
Type | Mutual fund Trust |
Nature of Investment |
FG has a deep experience in the small and mid-cap growth stock market. The investment team seeks to uncover high conviction investment ideas in this large, inefficient and often less understood segment of the market. |
Notes |