the price is right?

The task of pricing derivatives can be like walking a tightrope over a minefield. Accuracy, integrity and communication are vital to ensure everything adds up

As investment in hedge funds grows and managers expand their scope of activities to accommodate the best use of a larger capital base, the frequency of more complex portfolios needing an independent fund administrator has increased.

While the vast majority of hedge fund assets are still invested in listed instruments, these complex portfolios increasingly rely on over-the-counter (OTC) derivatives, less-liquid securities and other vehicles that have complicated valuation issues faced by the fund