On Wednesday the U.S. Government Accountability Office (“GAO”) released a report examining investments by defined benefit pension plans into hedge funds. The report is titled: Defined Benefit Pension Plans: Guidance Needed to Better Inform Plans of the Challenges and Risks of Investing in Hedge Funds and Private Equity. To produce the report, the GAO [...]
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DOL tells ERISA plan to monitor hedge fund valuation practices
August 19, 2008I came across this ERISA hedge fund article last night and found it to be very interesting. This article highlights an issue that is plaguing the hedge fund industry - how to value illiquid and other hard to value assets. This issue has come to the forefront over the last year as the bank and [...]