JD Supra

The Tax Court in Soroban Holds that Limited Partners Were Too Active To Be Treated As “Limited Partners” and are Subject to Self-Employment Tax

On May 28, 2025, in Soroban Capital Partners LP v. Commissioner (T.C. Memo 2025-52) (“Soroban II”), the Tax Court held the active role of limited partners in a fund manager caused them to fail to ...
JD Supra

What Limited Partners Should Know About Soroban

The Tax Court’s use of a functional analysis test to determine limited partner status in Soroban Capital Partners LP[1] has had a ripple effect in the world of asset management. The decision’s impact ...
Institutional Investor

Soroban Launches a New Fund

Soroban Capital Partners has rolled out a new long-only fund. The hedge fund firm headed by Eric Mandelblatt so far has raised $3.1 billion for Soroban Long Only Equity Fund and an offshore equivalent ...
Forbes

New Self-Employment Tax Risks For U.S. Investors In Global Funds

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. The U.S. Tax Court decided Soroban Capital Partners LP v.