Just how fair is ‘fair value‘?

The badge of independence may be worn with honour by hedge fund administrators. Increasingly, however, the extent and nature of this independence is being brought into question.

This month, even some administrators themselves have said managers are asking (if not pressuring) them, to ‘rubber stamp‘ valuations provided to them by those very managers. A worrying development indeed, especially for Europeans where investors by and large assume the administrator to be the investors‘ champion, a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here