Hedge Funds

IAFE seeks comments on white paper


The International Association of Financial Engineers' Investor Risk Committee is seeking comments through February 27 on a working draft of a white paper that it released late last month on the topic of securities valuation. The 18-page document, called "Valuation Concepts for Investment Companies and Financial Institutions and their Stakeholders" is particularly relevant to the hedge fund industry, as blow-ups related to improper valuations at Lipper and Beacon Hill are still fresh in investors' minds, and the Clinton Group is under scrutiny for its own valuation practices. The IAFE white paper can be found at www.iafe.org