Stakeholders Discuss Greater Institutional Investor Makeup, Governance Structures, Greater Regulatory Scrutiny Deloitte Insights contributes a piece to the CFO Journal on the Wall Street Journal site, part of a series designed to provide financial executives a customized resource to help them address the strategic, operational and regulatory issues they face in managing their finance organizations and careers, with top-line digests, research, perspectives and technical analyses. This Deloitte Insight reports on the Third Annual Hedge Fund Symposium Series held in New York recently. There, Joseph Fisher, who leads the Hedge Fund Audit practice for Deloitte & Touche LLP in New York, commented on how…
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Private Equity Manager reports that with regulators looking over their shoulders, some GPs are playing it safe by hiring third-party valuation advisors to check their numbers. However not all third-party opinions are equal, warns Cindy Ma, managing director at advisory-focused investment bank Houlihan Lokey. PE Manager’s Nicholas Donato talked with her recently. Here are excerpts: There was a feeling of unease in the industry when the US Securities & Exchange Commission (SEC) announced an informal inquiry into private equity portfolio valuations. Many wonder, how do I stay off regulators’ radar screen? The SEC has developed a number of analytical tools that now…
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If you’re been hoping to find a comprehensive source for private equity transactions and fund information, you may see a version of it as early as this fall. Fund managers have joined limited partners and other industry players in supporting a global private equity database being developed by Harvard Business School professor Josh Lerner. Graham Winfrey at Private Equity Manager reports: A group of private equity firms including Kohlberg Kravis Roberts, The Carlyle Group and Apollo Global Management have agreed to contribute transaction and fund information to a database being developed by the Private Capital Research Institution (PCRI). The…