NEW YORK (HedgeWorld.com)–The public comment period for the International Association of Financial Engineers’ white paper on valuation concepts expires Feb. 27.
The IAFE released the working copy of the report, from its investor risk committee, in November. It plans to prepare a final version on the basis of the comments received.
As the working report observed, valuation now is extremely controversial in several contexts. The U.S. Securities and Exchange Commission has suggested that rule making may be necessary to ensure proper valuation of hedge funds that underlie registered funds of funds, the Internal Revenue Service is wrestling with the reliability of valuations by financial institutions, and New York’s attorney general has focused attention on the stale pricing of mutual funds.