Asset valuation in hedge funds

Valuation

The value of some credit-related investments has over the last few months given cause for alarm as to how asset valuation is carried out and again brought this issue to the forefront of investors' concerns.

Valuation is not a new problem and indeed in the hedge fund industry it is notable that most prominent organisations and regulatory bodies such as the UK Financial Services Authority (FSA), the Hedge Fund Working Group (HFWG) and AIMA have all written fairly extensively on the issue and set ou