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Opalesque Exclusive: The Regulatory Compliance Association to testify before Congress on hedge fund valuation practices, asks hedge fund industry participants to email contributing comments by Aug 29 By Kirsten Bischoff, Opalesque New York: The Regulatory Compliance Association (RCA) is currently preparing to testify before the Congressional subcommittee convened on behalf of the Department of Labor regarding the valuation practices of hedge funds. A nonprofit organization, the RCA serves as an all inclusive resource for the management of operational risk management and compliance in a business world with increasing regulatory oversight.

Interest in hedge fund valuations have extended out to the Department of Labor (DOL) through recent ERISA monitoring of US pension plans and concern over the standard practice for hedge fund investors (including pension plans) to rely upon valuations provided by funds’ general partners and/or on audited financial statements for those funds.

A recent article by Castle Hall Alternatives probes the ERISA/valuation conundrum (Source) and explains, “According to the DOL, t is incumbent on the Plan Administrator to establish a process to evaluate the fair market value of any hard to value assets held by the Plan. Such a process would include a complete understanding of the underlying investments and......................

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