Asian hedge funds may incur lower Fatca costs

Dealing with the US Foreign Account Tax Compliance Act (Fatca) may be relatively less expensive for hedge funds in Asia compared with their Western counterparts, given their typically smaller size and correspondingly fewer number of investors. Fatca-related costs are “driven by the number of investors that you’ve got to deal with,” says Jim Calvin, Deloitte’s Asia-Pacific regional leader for Fatca, speaking at the AdventConnect event in Hong Kong this week. “If you have a few in…