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Cain International raises €324m for first European real estate fund


Jonathan Goldstein’s investment firm Cain International has raised €324m (£279m) following the close of its European Real Estate Opportunity Fund I.
The fund gained support from investors including Goldman Sachs’ Vintage Funds and US-based Security Benefit Life Insurance Company, as well as Cain’s founding partners and members of its senior management team.
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Security Benefit Life Insurance Company , Goldman Sach Vintage Funds , பாதுகாப்பு நன்மை வாழ்க்கை காப்பீடு நிறுவனம் ,

Security Benefit Gains Favorable Tax Treatment for Advisory Fees on Annuity Contracts


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IRS decision allows financial professionals to streamline the use of annuities in their practices
Security Benefit today announced that it has received a favorable private letter ruling (PLR) from the Internal Revenue Service (IRS) that payment of certain investment advisory fees from an annuity contract are not treated as a taxable event by the contract owner. This provides financial professionals and their clients with greater flexibility to incorporate non-qualified fee-based annuities in their portfolios.
We are pleased to receive this favorable treatment from the IRS for our already fast-growing annuity business, said Mike Reidy, Director of RIA Distribution for Security Benefit. It represents the removal of a barrier to greater annuity adoption by registered investment advisors and their clients. ....

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