Topic
Valuation
279 published works
Pension Risk Matters
Hedge Fund Valuation Goes Global
Just as US banks and hedge funds are coming to grips with a maze of pricing rules in the form of FAS 157, other countries are joining the fray. It's no surprise…
Pension Risk Matters
Investing in Hedge Funds? Check Out Valuation Process
Featured in the January 2008 issue of Emerging Manager Focus ("People to Know"), this blog's author reiterates the need for investors to verify how a hedge fund marks its positions to…
Pension Risk Matters
Private Equity Returns Appeal to Pensions
According to Global Pensions (January 10, 2008), Canadian, US and UK public pension fund investors are satisfied private equity investors. Surveying 108 institutions, Private Equity Intelligence Ltd (Preqin) found that…
Pension Risk Matters
Private Equity Valuation – Discount Dilemmas
Commentary by Doug Miles, CEO of Globalprivatequity.com, Inc. For the first 15 years of my investment banking career, the typical rule of thumb for pricing private equity assets…
Pension Risk Matters
FAS 157 is Heeeeere!
As of November 15, 2007, those organizations who did not adopt FAS 157 early on will be obliged to disclose much more information about their "hard to value" assets and…
Pension Risk Matters
FAS 157 and FAS 159 – Day of Reckoning for Pension Investors?
In case you missed it a few weeks ago, the Financial Accounting Standards Board voted 4-3 in favor of implementing FAS 157 on time. Ignoring early adopters, FAS 157 takes…
Pension Risk Matters
You Say Potato – I Say Potahtoe – Valuation Terms Differ
As plan sponsors ready themselves for new valuation rules, it's critical to understand that "FASB Speak" is not always the same language as that used by traditional business appraisers. Consider the…
Wills, Trusts & Estates Prof Blog
Did the Fifth Circuit Misapply IRC § 2036?
Richard L. Dees (Attorney at Law, McDermott Will & Emery LLP) has recently posted on SSRN his article entitled Time Traveling to Strangle Strangi (and Kill the Monster Again), Part…
Pension Risk Matters
Should Pensions Care About Valuation Fraud?
According to "Bonds' Pricing Is Questioned In Email Trail, Former Trader at RBC Alleges Mismarking Of Plain-Vanilla Issues " (October 26, 2007) Wall Street Journal reporter Susan Pulliam describes alleged…
Securities Law Prof Blog
Internet Start-ups are Back!
Is Facebook worth $15 billion -- about half the value of Yahoo? Wall St. is in love with Internet start-ups again. Is this deja vu all over again, or have…