“The Worst Possible Situation” – This Surprise Tax Liability Will Blindside Hedge Fund LPs

Investors who have their money with hedge funds like Point72 could be blindsided by a surprise tax liability, according to a new report from Bloomberg. LPs across the hedge fund universe could be affected by deductions that most businesses used to be able to take for the interest they pay on loans.

When the IRS released hundreds of pages of proposed regulation last month, it became clear that these deductions would be limited to hedge funds who were performing well – and that since most hedge funds have had a poor year, their tax bills might increase as a result. Those are costs that are likely to be passed on to each fund’s limited partners.

David Miller, a tax lawyer at Proskauer Rose LLP stated:

“The rules create the worst possible situation”.

This impact is just one of the many unexpected changes that both corporate and private taxpayers are learning about as the IRS issues “thousands of pages” of new regulations to implement new tax law.

However, the private equity industry was able to hang onto tax breaks for carried interest. The new law extended the period required for managers to qualify for a lower rate on their investment profits, instead of simply killing the break.

Hedge fund investors will likely be surprised when they get their tax forms early next year. There will be new lines for calculating interest expense that weren’t previously there. Funds that rely on borrowing money to make their bets will see the biggest impact. Funds now can only deduct these costs if they have had strong performance and have generated enough income against which to take the deductions.

And the timing for these changes is awful. Hedge funds have been widely underperforming, overall down 3.62% this year through November. Because they won’t meet the income and performance thresholds necessary, the underperformance will result in a “double whammy” where performance lags at the same time that expenses rise. Hedge funds more focused on buy and hold strategies are not affected by the deduction cap. Also exempt from the deduction cap are businesses with gross receipts of less than $25 million.

For certain, those who invest in Point72 are potentially at risk. It had $13 billion in client assets and $71 billion in regulatory assets under management as of last month. The fund was down about 5% last month, which offset its 2018 gains.

Trader funds that use leverage could balance interest income and expenses so that their investors won’t see too much of an effect, but because many hedge fund managers have lost money this year, the shockwaves could still be profound. The $3.2 trillion hedge fund industry has seen investors pull out $68.8 billion since the beginning of 2016. We recently noted that these outflows were accelerating over the last few months.

And the continued effect of these new tax laws could get worse moving forward. For now, companies can deduct interest cost up to 30% of EBITDA until 2022. After that, it changes to 30% of EBIT, excluding depreciation and amortization.

Like many things involving the IRS, there wasn’t a lot of clarity on the law until it was actually released.

Simcha David, a tax partner at accounting and advisory firm EisnerAmper stated:

“It’s really the limited partners that seem to get screwed here. I was completely shocked.”

“The Worst Possible Situation” – This Surprise Tax Liability Will Blindside Hedge Fund LPs <body> <h1> Array ( [0] => &#7220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [1] => &#u220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [2] => &#i220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [3] => &#9220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [4] => &#8120;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [5] => &#8q20;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [6] => &#8w20;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [7] => &#8320;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [8] => &#8210;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [9] => &#82q0;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [10] => &#82w0;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [11] => &#8230;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [12] => &#8229;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [13] => &#822o;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [14] => &#822p;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [15] => &#822-;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [16] => &#8220;rhe worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [17] => &#8220;fhe worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [18] => &#8220;ghe worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [19] => &#8220;yhe worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [20] => &#8220;6he worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [21] => &#8220;5he worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [22] => &#8220;tge worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [23] => &#8220;tbe worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [24] => &#8220;tne worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [25] => &#8220;tje worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [26] => &#8220;tue worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [27] => &#8220;tye worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [28] => &#8220;thw worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [29] => &#8220;ths worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [30] => &#8220;thd worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [31] => &#8220;thr worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [32] => &#8220;th4 worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [33] => &#8220;th3 worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [34] => &#8220;the qorst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [35] => &#8220;the aorst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [36] => &#8220;the sorst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [37] => &#8220;the eorst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [38] => &#8220;the 3orst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [39] => &#8220;the 2orst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [40] => &#8220;the wirst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [41] => &#8220;the wkrst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [42] => &#8220;the wlrst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [43] => &#8220;the wprst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [44] => &#8220;the w0rst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [45] => &#8220;the w9rst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [46] => &#8220;the woest possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [47] => &#8220;the wodst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [48] => &#8220;the wofst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [49] => &#8220;the wotst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [50] => &#8220;the wo5st possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [51] => &#8220;the wo4st possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [52] => &#8220;the worat possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [53] => &#8220;the worzt possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [54] => &#8220;the worxt possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [55] => &#8220;the wordt possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [56] => &#8220;the woret possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [57] => &#8220;the worwt possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [58] => &#8220;the worsr possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [59] => &#8220;the worsf possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [60] => &#8220;the worsg possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [61] => &#8220;the worsy possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [62] => &#8220;the wors6 possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [63] => &#8220;the wors5 possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [64] => &#8220;the worst oossible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [65] => &#8220;the worst lossible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [66] => &#8220;the worst -ossible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [67] => &#8220;the worst 0ossible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [68] => &#8220;the worst pissible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [69] => &#8220;the worst pkssible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [70] => &#8220;the worst plssible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [71] => &#8220;the worst ppssible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [72] => &#8220;the worst p0ssible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [73] => &#8220;the worst p9ssible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [74] => &#8220;the worst poasible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [75] => &#8220;the worst pozsible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [76] => &#8220;the worst poxsible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [77] => &#8220;the worst podsible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [78] => &#8220;the worst poesible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [79] => &#8220;the worst powsible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [80] => &#8220;the worst posaible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [81] => &#8220;the worst poszible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [82] => &#8220;the worst posxible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [83] => &#8220;the worst posdible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [84] => &#8220;the worst poseible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [85] => &#8220;the worst poswible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [86] => &#8220;the worst possuble situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [87] => &#8220;the worst possjble situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [88] => &#8220;the worst posskble situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [89] => &#8220;the worst possoble situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [90] => &#8220;the worst poss9ble situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [91] => &#8220;the worst poss8ble situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [92] => &#8220;the worst possivle situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [93] => &#8220;the worst possinle situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [94] => &#8220;the worst possihle situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [95] => &#8220;the worst possigle situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [96] => &#8220;the worst possibke situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [97] => &#8220;the worst possibpe situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [98] => &#8220;the worst possiboe situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [99] => &#8220;the worst possiblw situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [100] => &#8220;the worst possibls situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [101] => &#8220;the worst possibld situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [102] => &#8220;the worst possiblr situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [103] => &#8220;the worst possibl4 situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [104] => &#8220;the worst possibl3 situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [105] => &#8220;the worst possible aituation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [106] => &#8220;the worst possible zituation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [107] => &#8220;the worst possible xituation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [108] => &#8220;the worst possible dituation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [109] => &#8220;the worst possible eituation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [110] => &#8220;the worst possible wituation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [111] => &#8220;the worst possible sutuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [112] => &#8220;the worst possible sjtuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [113] => &#8220;the worst possible sktuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [114] => &#8220;the worst possible sotuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [115] => &#8220;the worst possible s9tuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [116] => &#8220;the worst possible s8tuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [117] => &#8220;the worst possible siruation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [118] => &#8220;the worst possible sifuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [119] => &#8220;the worst possible siguation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [120] => &#8220;the worst possible siyuation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [121] => &#8220;the worst possible si6uation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [122] => &#8220;the worst possible si5uation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [123] => &#8220;the worst possible sityation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [124] => &#8220;the worst possible sithation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [125] => &#8220;the worst possible sitjation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [126] => &#8220;the worst possible sitiation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [127] => &#8220;the worst possible sit8ation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [128] => &#8220;the worst possible sit7ation&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [129] => &#8220;the worst possible situztion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [130] => &#8220;the worst possible situstion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [131] => &#8220;the worst possible situwtion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [132] => &#8220;the worst possible situqtion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [133] => &#8220;the worst possible situarion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [134] => &#8220;the worst possible situafion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [135] => &#8220;the worst possible situagion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [136] => &#8220;the worst possible situayion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [137] => &#8220;the worst possible situa6ion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [138] => &#8220;the worst possible situa5ion&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [139] => &#8220;the worst possible situatuon&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [140] => &#8220;the worst possible situatjon&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [141] => &#8220;the worst possible situatkon&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [142] => &#8220;the worst possible situatoon&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [143] => &#8220;the worst possible situat9on&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [144] => &#8220;the worst possible situat8on&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [145] => &#8220;the worst possible situatiin&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [146] => &#8220;the worst possible situatikn&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [147] => &#8220;the worst possible situatiln&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [148] => &#8220;the worst possible situatipn&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [149] => &#8220;the worst possible situati0n&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [150] => &#8220;the worst possible situati9n&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [151] => &#8220;the worst possible situatiob&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [152] => &#8220;the worst possible situatiom&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [153] => &#8220;the worst possible situatioj&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [154] => &#8220;the worst possible situatioh&#8221; &#8211; this surprise tax liability will blindside hedge fund lps [155] => &#8220;the worst possible situation&#7221; &#8211; this surprise tax liability will blindside hedge fund lps [156] => &#8220;the worst possible situation&#u221; &#8211; this surprise tax liability will blindside hedge fund lps [157] => &#8220;the worst possible situation&#i221; &#8211; this surprise tax liability will blindside hedge fund lps [158] => &#8220;the worst possible situation&#9221; &#8211; this surprise tax liability will blindside hedge fund lps [159] => &#8220;the worst possible situation&#8121; &#8211; this surprise tax liability will blindside hedge fund lps [160] => &#8220;the worst possible situation&#8q21; &#8211; this surprise tax liability will blindside hedge fund lps [161] => &#8220;the worst possible situation&#8w21; &#8211; this surprise tax liability will blindside hedge fund lps [162] => &#8220;the worst possible situation&#8321; &#8211; this surprise tax liability will blindside hedge fund lps [163] => &#8220;the worst possible situation&#8211; &#8211; this surprise tax liability will blindside hedge fund lps [164] => &#8220;the worst possible situation&#82q1; &#8211; this surprise tax liability will blindside hedge fund lps [165] => &#8220;the worst possible situation&#82w1; &#8211; this surprise tax liability will blindside hedge fund lps [166] => &#8220;the worst possible situation&#8231; &#8211; this surprise tax liability will blindside hedge fund lps [167] => &#8220;the worst possible situation&#8222; &#8211; this surprise tax liability will blindside hedge fund lps [168] => &#8220;the worst possible situation&#822q; &#8211; this surprise tax liability will blindside hedge fund lps [169] => &#8220;the worst possible situation&#8221; &#7211; this surprise tax liability will blindside hedge fund lps [170] => &#8220;the worst possible situation&#8221; &#u211; this surprise tax liability will blindside hedge fund lps [171] => &#8220;the worst possible situation&#8221; &#i211; this surprise tax liability will blindside hedge fund lps [172] => &#8220;the worst possible situation&#8221; &#9211; this surprise tax liability will blindside hedge fund lps [173] => &#8220;the worst possible situation&#8221; &#8111; this surprise tax liability will blindside hedge fund lps [174] => &#8220;the worst possible situation&#8221; &#8q11; this surprise tax liability will blindside hedge fund lps [175] => &#8220;the worst possible situation&#8221; &#8w11; this surprise tax liability will blindside hedge fund lps [176] => &#8220;the worst possible situation&#8221; &#8311; this surprise tax liability will blindside hedge fund lps [177] => &#8220;the worst possible situation&#8221; &#8221; this surprise tax liability will blindside hedge fund lps [178] => &#8220;the worst possible situation&#8221; &#82q1; this surprise tax liability will blindside hedge fund lps [179] => &#8220;the worst possible situation&#8221; &#8212; this surprise tax liability will blindside hedge fund lps [180] => &#8220;the worst possible situation&#8221; &#821q; this surprise tax liability will blindside hedge fund lps [181] => &#8220;the worst possible situation&#8221; &#8211; rhis surprise tax liability will blindside hedge fund lps [182] => &#8220;the worst possible situation&#8221; &#8211; fhis surprise tax liability will blindside hedge fund lps [183] => &#8220;the worst possible situation&#8221; &#8211; ghis surprise tax liability will blindside hedge fund lps [184] => &#8220;the worst possible situation&#8221; &#8211; yhis surprise tax liability will blindside hedge fund lps [185] => &#8220;the worst possible situation&#8221; &#8211; 6his surprise tax liability will blindside hedge fund lps [186] => &#8220;the worst possible situation&#8221; &#8211; 5his surprise tax liability will blindside hedge fund lps [187] => &#8220;the worst possible situation&#8221; &#8211; tgis surprise tax liability will blindside hedge fund lps [188] => &#8220;the worst possible situation&#8221; &#8211; tbis surprise tax liability will blindside hedge fund lps [189] => &#8220;the worst possible situation&#8221; &#8211; tnis surprise tax liability will blindside hedge fund lps [190] => &#8220;the worst possible situation&#8221; &#8211; tjis surprise tax liability will blindside hedge fund lps [191] => &#8220;the worst possible situation&#8221; &#8211; tuis surprise tax liability will blindside hedge fund lps [192] => &#8220;the worst possible situation&#8221; &#8211; tyis surprise tax liability will blindside hedge fund lps [193] => &#8220;the worst possible situation&#8221; &#8211; thus surprise tax liability will blindside hedge fund lps [194] => &#8220;the worst possible situation&#8221; &#8211; thjs surprise tax liability will blindside hedge fund lps [195] => &#8220;the worst possible situation&#8221; &#8211; thks surprise tax liability will blindside hedge fund lps [196] => &#8220;the worst possible situation&#8221; &#8211; thos surprise tax liability will blindside hedge fund lps [197] => &#8220;the worst possible situation&#8221; &#8211; th9s surprise tax liability will blindside hedge fund lps [198] => &#8220;the worst possible situation&#8221; &#8211; th8s surprise tax liability will blindside hedge fund lps [199] => &#8220;the worst possible situation&#8221; &#8211; thia surprise tax liability will blindside hedge fund lps [200] => &#8220;the worst possible situation&#8221; &#8211; thiz surprise tax liability will blindside hedge fund lps [201] => &#8220;the worst possible situation&#8221; &#8211; thix surprise tax liability will blindside hedge fund lps [202] => &#8220;the worst possible situation&#8221; &#8211; thid surprise tax liability will blindside hedge fund lps [203] => &#8220;the worst possible situation&#8221; &#8211; thie surprise tax liability will blindside hedge fund lps [204] => &#8220;the worst possible situation&#8221; &#8211; thiw surprise tax liability will blindside hedge fund lps [205] => &#8220;the worst possible situation&#8221; &#8211; this aurprise tax liability will blindside hedge fund lps [206] => &#8220;the worst possible situation&#8221; &#8211; this zurprise tax liability will blindside hedge fund lps [207] => &#8220;the worst possible situation&#8221; &#8211; this xurprise tax liability will blindside hedge fund lps [208] => &#8220;the worst possible situation&#8221; &#8211; this durprise tax liability will blindside hedge fund lps [209] => &#8220;the worst possible situation&#8221; &#8211; this eurprise tax liability will blindside hedge fund lps [210] => &#8220;the worst possible situation&#8221; &#8211; this wurprise tax liability will blindside hedge fund lps [211] => &#8220;the worst possible situation&#8221; &#8211; this syrprise tax liability will blindside hedge fund lps [212] => &#8220;the worst possible situation&#8221; &#8211; this shrprise tax liability will blindside hedge fund lps [213] => &#8220;the worst possible situation&#8221; &#8211; this sjrprise tax liability will blindside hedge fund lps [214] => &#8220;the worst possible situation&#8221; &#8211; this sirprise tax liability will blindside hedge fund lps [215] => &#8220;the worst possible situation&#8221; &#8211; this s8rprise tax liability will blindside hedge fund lps [216] => &#8220;the worst possible situation&#8221; &#8211; this s7rprise tax liability will blindside hedge fund lps [217] => &#8220;the worst possible situation&#8221; &#8211; this sueprise tax liability will blindside hedge fund lps [218] => &#8220;the worst possible situation&#8221; &#8211; this sudprise tax liability will blindside hedge fund lps [219] => &#8220;the worst possible situation&#8221; &#8211; this sufprise tax liability will blindside hedge fund lps [220] => &#8220;the worst possible situation&#8221; &#8211; this sutprise tax liability will blindside hedge fund lps [221] => &#8220;the worst possible situation&#8221; &#8211; this su5prise tax liability will blindside hedge fund lps [222] => &#8220;the worst possible situation&#8221; &#8211; this su4prise tax liability will blindside hedge fund lps [223] => &#8220;the worst possible situation&#8221; &#8211; this surorise tax liability will blindside hedge fund lps [224] => &#8220;the worst possible situation&#8221; &#8211; this surlrise tax liability will blindside hedge fund lps [225] => &#8220;the worst possible situation&#8221; &#8211; this sur-rise tax liability will blindside hedge fund lps [226] => &#8220;the worst possible situation&#8221; &#8211; this sur0rise tax liability will blindside hedge fund lps [227] => &#8220;the worst possible situation&#8221; &#8211; this surpeise tax liability will blindside hedge fund lps [228] => &#8220;the worst possible situation&#8221; &#8211; this surpdise tax liability will blindside hedge fund lps [229] => &#8220;the worst possible situation&#8221; &#8211; this surpfise tax liability will blindside hedge fund lps [230] => &#8220;the worst possible situation&#8221; &#8211; this surptise tax liability will blindside hedge fund lps [231] => &#8220;the worst possible situation&#8221; &#8211; this surp5ise tax liability will blindside hedge fund lps [232] => &#8220;the worst possible situation&#8221; &#8211; this surp4ise tax liability will blindside hedge fund lps [233] => &#8220;the worst possible situation&#8221; &#8211; this surpruse tax liability will blindside hedge fund lps [234] => &#8220;the worst possible situation&#8221; &#8211; this surprjse tax liability will blindside hedge fund lps [235] => &#8220;the worst possible situation&#8221; &#8211; this surprkse tax liability will blindside hedge fund lps [236] => &#8220;the worst possible situation&#8221; &#8211; this surprose tax liability will blindside hedge fund lps [237] => &#8220;the worst possible situation&#8221; &#8211; this surpr9se tax liability will blindside hedge fund lps [238] => &#8220;the worst possible situation&#8221; &#8211; this surpr8se tax liability will blindside hedge fund lps [239] => &#8220;the worst possible situation&#8221; &#8211; this surpriae tax liability will blindside hedge fund lps [240] => &#8220;the worst possible situation&#8221; &#8211; this surprize tax liability will blindside hedge fund lps [241] => &#8220;the worst possible situation&#8221; &#8211; this surprixe tax liability will blindside hedge fund lps [242] => &#8220;the worst possible situation&#8221; &#8211; this surpride tax liability will blindside hedge fund lps [243] => &#8220;the worst possible situation&#8221; &#8211; this surpriee tax liability will blindside hedge fund lps [244] => &#8220;the worst possible situation&#8221; &#8211; this surpriwe tax liability will blindside hedge fund lps [245] => &#8220;the worst possible situation&#8221; &#8211; this surprisw tax liability will blindside hedge fund lps [246] => &#8220;the worst possible situation&#8221; &#8211; this surpriss tax liability will blindside hedge fund lps [247] => &#8220;the worst possible situation&#8221; &#8211; this surprisd tax liability will blindside hedge fund lps [248] => &#8220;the worst possible situation&#8221; &#8211; this surprisr tax liability will blindside hedge fund lps [249] => &#8220;the worst possible situation&#8221; &#8211; this surpris4 tax liability will blindside hedge fund lps [250] => &#8220;the worst possible situation&#8221; &#8211; this surpris3 tax liability will blindside hedge fund lps [251] => &#8220;the worst possible situation&#8221; &#8211; this surprise rax liability will blindside hedge fund lps [252] => &#8220;the worst possible situation&#8221; &#8211; this surprise fax liability will blindside hedge fund lps [253] => &#8220;the worst possible situation&#8221; &#8211; this surprise gax liability will blindside hedge fund lps [254] => &#8220;the worst possible situation&#8221; &#8211; this surprise yax liability will blindside hedge fund lps [255] => &#8220;the worst possible situation&#8221; &#8211; this surprise 6ax liability will blindside hedge fund lps [256] => &#8220;the worst possible situation&#8221; &#8211; this surprise 5ax liability will blindside hedge fund lps [257] => &#8220;the worst possible situation&#8221; &#8211; this surprise tzx liability will blindside hedge fund lps [258] => &#8220;the worst possible situation&#8221; &#8211; this surprise tsx liability will blindside hedge fund lps [259] => &#8220;the worst possible situation&#8221; &#8211; this surprise twx liability will blindside hedge fund lps [260] => &#8220;the worst possible situation&#8221; &#8211; this surprise tqx liability will blindside hedge fund lps [261] => &#8220;the worst possible situation&#8221; &#8211; this surprise taz liability will blindside hedge fund lps [262] => &#8220;the worst possible situation&#8221; &#8211; this surprise tac liability will blindside hedge fund lps [263] => &#8220;the worst possible situation&#8221; &#8211; this surprise tad liability will blindside hedge fund lps [264] => &#8220;the worst possible situation&#8221; &#8211; this surprise tas liability will blindside hedge fund lps [265] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax kiability will blindside hedge fund lps [266] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax piability will blindside hedge fund lps [267] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax oiability will blindside hedge fund lps [268] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax luability will blindside hedge fund lps [269] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax ljability will blindside hedge fund lps [270] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax lkability will blindside hedge fund lps [271] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax loability will blindside hedge fund lps [272] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax l9ability will blindside hedge fund lps [273] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax l8ability will blindside hedge fund lps [274] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax lizbility will blindside hedge fund lps [275] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax lisbility will blindside hedge fund lps [276] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liwbility will blindside hedge fund lps [277] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liqbility will blindside hedge fund lps [278] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liavility will blindside hedge fund lps [279] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax lianility will blindside hedge fund lps [280] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liahility will blindside hedge fund lps [281] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liagility will blindside hedge fund lps [282] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabulity will blindside hedge fund lps [283] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabjlity will blindside hedge fund lps [284] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabklity will blindside hedge fund lps [285] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabolity will blindside hedge fund lps [286] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liab9lity will blindside hedge fund lps [287] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liab8lity will blindside hedge fund lps [288] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabikity will blindside hedge fund lps [289] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabipity will blindside hedge fund lps [290] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabioity will blindside hedge fund lps [291] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabiluty will blindside hedge fund lps [292] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabiljty will blindside hedge fund lps [293] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilkty will blindside hedge fund lps [294] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabiloty will blindside hedge fund lps [295] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabil9ty will blindside hedge fund lps [296] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabil8ty will blindside hedge fund lps [297] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabiliry will blindside hedge fund lps [298] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilify will blindside hedge fund lps [299] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabiligy will blindside hedge fund lps [300] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabiliyy will blindside hedge fund lps [301] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabili6y will blindside hedge fund lps [302] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabili5y will blindside hedge fund lps [303] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilitt will blindside hedge fund lps [304] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilitg will blindside hedge fund lps [305] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilith will blindside hedge fund lps [306] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilitu will blindside hedge fund lps [307] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilit7 will blindside hedge fund lps [308] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liabilit6 will blindside hedge fund lps [309] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability qill blindside hedge fund lps [310] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability aill blindside hedge fund lps [311] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability sill blindside hedge fund lps [312] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability eill blindside hedge fund lps [313] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability 3ill blindside hedge fund lps [314] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability 2ill blindside hedge fund lps [315] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wull blindside hedge fund lps [316] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wjll blindside hedge fund lps [317] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wkll blindside hedge fund lps [318] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability woll blindside hedge fund lps [319] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability w9ll blindside hedge fund lps [320] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability w8ll blindside hedge fund lps [321] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wikl blindside hedge fund lps [322] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wipl blindside hedge fund lps [323] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wiol blindside hedge fund lps [324] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wilk blindside hedge fund lps [325] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wilp blindside hedge fund lps [326] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability wilo blindside hedge fund lps [327] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will vlindside hedge fund lps [328] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will nlindside hedge fund lps [329] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will hlindside hedge fund lps [330] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will glindside hedge fund lps [331] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will bkindside hedge fund lps [332] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will bpindside hedge fund lps [333] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will boindside hedge fund lps [334] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blundside hedge fund lps [335] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will bljndside hedge fund lps [336] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blkndside hedge fund lps [337] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blondside hedge fund lps [338] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will bl9ndside hedge fund lps [339] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will bl8ndside hedge fund lps [340] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blibdside hedge fund lps [341] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blimdside hedge fund lps [342] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blijdside hedge fund lps [343] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blihdside hedge fund lps [344] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinsside hedge fund lps [345] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinxside hedge fund lps [346] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blincside hedge fund lps [347] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinfside hedge fund lps [348] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinrside hedge fund lps [349] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blineside hedge fund lps [350] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindaide hedge fund lps [351] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindzide hedge fund lps [352] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindxide hedge fund lps [353] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinddide hedge fund lps [354] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindeide hedge fund lps [355] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindwide hedge fund lps [356] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsude hedge fund lps [357] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsjde hedge fund lps [358] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindskde hedge fund lps [359] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsode hedge fund lps [360] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinds9de hedge fund lps [361] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blinds8de hedge fund lps [362] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsise hedge fund lps [363] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsixe hedge fund lps [364] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsice hedge fund lps [365] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsife hedge fund lps [366] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsire hedge fund lps [367] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsiee hedge fund lps [368] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsidw hedge fund lps [369] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsids hedge fund lps [370] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsidd hedge fund lps [371] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsidr hedge fund lps [372] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsid4 hedge fund lps [373] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindsid3 hedge fund lps [374] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside gedge fund lps [375] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside bedge fund lps [376] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside nedge fund lps [377] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside jedge fund lps [378] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside uedge fund lps [379] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside yedge fund lps [380] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hwdge fund lps [381] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hsdge fund lps [382] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hddge fund lps [383] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hrdge fund lps [384] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside h4dge fund lps [385] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside h3dge fund lps [386] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hesge fund lps [387] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hexge fund lps [388] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hecge fund lps [389] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hefge fund lps [390] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside herge fund lps [391] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside heege fund lps [392] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedfe fund lps [393] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedve fund lps [394] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedbe fund lps [395] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedhe fund lps [396] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedye fund lps [397] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedte fund lps [398] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedgw fund lps [399] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedgs fund lps [400] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedgd fund lps [401] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedgr fund lps [402] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedg4 fund lps [403] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedg3 fund lps [404] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge dund lps [405] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge cund lps [406] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge vund lps [407] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge gund lps [408] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge tund lps [409] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge rund lps [410] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fynd lps [411] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fhnd lps [412] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fjnd lps [413] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge find lps [414] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge f8nd lps [415] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge f7nd lps [416] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fubd lps [417] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fumd lps [418] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fujd lps [419] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fuhd lps [420] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge funs lps [421] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge funx lps [422] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge func lps [423] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge funf lps [424] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge funr lps [425] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fune lps [426] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund kps [427] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund pps [428] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund ops [429] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund los [430] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lls [431] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund l-s [432] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund l0s [433] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lpa [434] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lpz [435] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lpx [436] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lpd [437] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lpe [438] => &#8220;the worst possible situation&#8221; &#8211; this surprise tax liability will blindside hedge fund lpw ) </h1> </body>