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 different ways. Maybe most important is [...]
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Hedge Fund Best Practices - Full Report
January 19, 2009Full Report of Best Practices for the Hedge Fund Industry
As we discussed in an earlier article on Hedge Fund Best Practices, the President’s Working Group outsourced the creation of best practices for the hedge fund industry. The report below, reprinted in its entirety, provides a comprehensive review of the major issues which hedge fund managers [...]