President Trump signed into law the “One Big Beautiful Bill Act (OBBBA)” impacting U.S. investments. The law preserves favorable tax treatment for carried interest, taxed at long-term capital gain rates with a longer holding period. College endowments face increased taxes on investment income under the OBBBA. Opportunity Zones program expands with enhanced basis step-ups. Real estate benefits from a 100% depreciation allowance for qualified property. Clean energy incentives are phased out, impacting total returns. Overall, the OBBBA may negatively impact clean energy but positively impact alternative assets and stock selection opportunities for fundamental managers.

Read more at Investing.com: Alternative Assets Under Trump’s OBBBA: Who Gains, Who Loses?