Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AIMA updates guide to hedge fund valuation to reflect new accounting standards and regulations

Wednesday, October 09, 2013

amb
Andrew Baker
Benedicte Gravrand, Opalesque Geneva:

How assets managed by hedge funds are valued is a critical issue for fund managers, valuation specialists and investors. The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has just released a paper which sets out the latest guidance in this area; the updated Guide to Sound Practices for Hedge Fund Valuation is now available to AIMA members.

The paper takes account of recent regulatory reforms, including a summary of valuation requirements under the EU’s Alternative Investment Fund Managers Directive (AIFMD), and changes in accounting standards since the last edition was published in 2007. It also reflects greater demands for transparency from investors.

Indeed, following the 2008 financial crisis, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) worked on several projects for new accounting standards. "The fair valuation hierarchy has helped Investors better understand the characteristics of portfolios from a valuation perspective and, as reporting continues to evolve, sound practice will be for hedge funds, usually via their Valuation Service Providers, to provide fair valuation hierarchy disclosures to thei......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner