AIMA Publishes Updated Guide to Sound Practices for Hedge Fund Valuation

The Alternative Investment Management Association ("AIMA") updated its Guide to Sound Practices for Hedge Fund Valuation. The new additions to the guide include:

• a summary of valuation requirements under AIFMD;
• a revised introduction to international guidance on and disclosures of fair value accounting;
• recommendations that reflect industry sound practices within areas of governance, transparency, procedures and process; and
• a new outline of areas of hedge fund valuation that are now covered by regulation and those in which discretion still applies.

See: AIMA Press Release.