Guide to Sound Practices for Hedge Fund Valuation

Published: 01 October 2013

The October 2013 edition of the guide takes account of recent regulatory reforms, including a summary of valuation requirements under the Alternative Investment Fund Managers Directive (AIFMD). The guide also reflects changes in accounting standards since the previous edition was published in 2007, such as the introduction of new international guidance on and disclosures of fair value accounting. In total, the guide contains 16 recommendations that reflect industry sound practices within the areas of governance; transparency; procedures, processes and systems; and sources, models and methodology. The guide also sets out the areas of hedge fund valuation that are now covered by regulation and those where discretion still applies.