William Dreher

  • Features

    Investing in tax-sheltered hedge funds

    February 2004 (Magazine)

    Supplemental executive pensions and deferred bonus programmes of US corporations, although recognised on corporate balance sheets, have typically not been funded in advance of their distribution dates. CFOs have been convinced corporate assets would earn a higher after-tax rate of return if invested within the company than in a diversified ...

  • Features

    Hedge behind a shelter

    June 2001 (Magazine)

    European companies doing business in the US have a fresh incentive to fund the supplemental pensions and deferred compensation promised to key employees while they are still working. Advance funding of these obligations has been unattractive to many corporate financial officers because the net investment returns, even if sheltered under ...