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Open Categories Menu Hedge Fund Due Diligence Firm Discusses “Agreed Upon Procedures” We’ve published a number of thoughtful pieces on this blog from Chris Addy, president and CEO of Castle Hall Alternatives (see, for example, article on Hedge Fund Operational Issues and Failures). Today we are publishing a piece by Chris which discusses [...]
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Posts Tagged ‘ FAS 157 ’
8 January
Posted in
Hedge Fund Structure
Hedge Fund Audits Post Madoff
Hedge Fund Audits Expected to Increase in Importance The Madoff scandal has shown the hedge fund industry many things, not the least of which is the importance of hedge fund audits. While the details of Madoff’s audits are still a little unclear, it has been widely reported that the audit [...]
7 January
Posted in
Uncategorized
SEC Stands Behind “Fair Value” Accounting
FASB may re-evaluate FAS 157 in light of recent market events While the SEC does not directly control the manner in which hedge fund assets are valued for the purpose of striking a NAV for a fund, the SEC valuation policies are important for hedge funds in a number of [...]
