Jennifer Harris
Today the US House of Representatives voted to pass bill that will give the SEC and the Federal Reserve the power to regulate compensation at financial institutions with more than $1 billion in assets.
The US' Financial Accounting Standards Board has released a list of seven indicators of inactive markets, and given firms the green light to use their own valuation methodologies when quoted prices are unreliable.
The US' Financial Accounting Standards Board has released a list of seven indicators of inactive markets, and given firms the green light to use their own valuation methodologies when quoted prices are unreliable.
The US' Financial Accounting Standards Board has released a list of seven indicators of inactive markets, and given firms the green light to use their own valuation methodologies when quoted prices are unreliable.
President Obama included language in his budget released yesterday that would tax carried interest as income at 39.6%. In other regulatory news, a bill in Congress would also require all advisors to private equity funds to register with the SEC.
The Financial Accounting Standards Board in the US will improve its guidance on fair value and its disclosure standards, following the Securities and Exchange Commission’s suggestion.
A Senate bill sponsored by Chuck Grassley and Carl Levin would require all private funds to publicly disclose the identities of their LPs, as well as the value of their assets under management, if the bill passes.
The discounted-cash-flow approach should not be far apart from the public-market comparable approach, argues Duffs & Phelps valuation expert PJ Viscio. General partners should avoid the temptation to 'split the difference' when different valuation methods produce different results.
The private equity firms are investing in Chinese education services provider Ambow Education as China’s education industry continues to grow.
Littlejohn & Co has moved chief financial officer Deborah Jorde to head of investor relations and fund marketing, and has hired Kenneth Warren of Quadrangle to replace her.