Abstract

http://ssrn.com/abstract=1428387
 
 

Citations (1)



 
 

Footnotes (252)



 


 



Hedge Fund Valuation: Retailization, Regulation, and Investor Suitability


Wulf A. Kaal


University of St. Thomas, Minnesota - School of Law; European Corporate Governance Institute (ECGI)

July 1, 2009

Review of Banking and Financial Law, Vol. 28, No. 581, 2008-2009

Abstract:     
Hedge fund pricing and valuation errors do happen despite efforts to ensure fair pricing at all times. The credit crunch and the global financial crisis have illustrated that the valuation of complex financial products and hard-to-value assets is one of the most pressing issues affecting confidence in the financial industry today.

The paper analyzes the factors that contribute to the valuation problem and summarizes existing proposals and rules as they pertain to valuation of hedge funds. Following a discussion of the phenomenon of “retailization” and how it is recognized and addressed by regulators in various jurisdictions, the paper analyzes the reasons for a different treatment of retail and qualified investors. The paper concludes with a discussion of regulatory options to address the differences as well as potential problems with such options and analyzes alternatives.

Number of Pages in PDF File: 57

Keywords: Valuation, Valuation Errors, Hedge Fund, Retailization, De Minimis Exception

Accepted Paper Series


Download This Paper

Date posted: July 2, 2009 ; Last revised: October 23, 2013

Suggested Citation

Kaal , Wulf A., Hedge Fund Valuation: Retailization, Regulation, and Investor Suitability (July 1, 2009). Review of Banking and Financial Law, Vol. 28, No. 581, 2008-2009. Available at SSRN: http://ssrn.com/abstract=1428387

Contact Information

Wulf A. Kaal (Contact Author)
University of St. Thomas, Minnesota - School of Law ( email )
MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

European Corporate Governance Institute (ECGI) ( email )
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
Feedback to SSRN


Paper statistics
Abstract Views: 1,601
Downloads: 322
Download Rank: 51,729
Citations:  1
Footnotes:  252
People who downloaded this paper also downloaded:
1. Hedge Fund Manager Registration Under the Dodd-Frank Act
By Wulf Kaal

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.312 seconds