Valuation

Valuation process transparency: Demands challenge asset managers and directors

Asset managers are facing increasing valuation challenges, due to market volatility, regulatory pressures and investor demands. This publication stresses the importance of asset managers taking a proactive approach to their valuation process i

FASB - proposed Staff Position

Amendment to FASB Statement No. 157, Fair Value Measurements

A Proposal to Improve Fair Value Accounting-January 2009

Refining the accounting for impaired bonds may address some challenges of reporting fair value in illiquid markets

FASB Statement No. 157 - January 2009

Valuation Considerations for Interests in Alternative Investments

FASB Staff Position 157-3 - October 2008

Issued October 10, 2008

PwC - Investment Company Pricing and Valuation - October 2008

Investment Company Pricing and Valuation: A Focus on Management Responsibilities and Board Oversight

Rothstein Kass: SFAS 157 Fair Value Measurements - September 2008

Implementation Challenges for the Alternative Investment Industry

SEC Clarification on Fair Value Accounting - September 2008

Press release from the SEC Office and FASB staff

IOSCO (International Organisation of Securities Commissions) - March 2007

Principles for the Valuation of Hedge Fund Portfolios

AIMA (Alternative Investment Management Association) - March 2007

"Guide to Sound Practices for Hedge Fund Valuation" (Executive Summary)

Financial Accounting Standards Board - September 2006

Summary of SFAS 157: Fair Value Measurements

Deloitte - August 2006

"Risk Management and Valuation Practices in the Global Hedge Fund Industry"

PwC - HF Survey - October 2004

"Global Hedge Fund Valuation and Risk Management Survey"

International Association of Financial Engineers - June 2004

Valuation Concepts for Investment Companies and Financial Institutions and their Stakeholders