Determining fair value comes under attack
What are the issues around valuations?
With a plethora of illiquid vehicles continuing to cause problems for funds and increasingly exotic and complex instruments being used, the need for accurate valuation of a fund’s assets has become even more important as well as difficult. With volatile and unpredictable markets, a changing regulatory landscape and different views and advice being issued from numerous official and unofficial bodies, accountants are struggling to find a fair value process for the valuation of a fund’s assets.
The
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