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Valuation, audits and hard to price assets
Valuation converts positions into reported NAV. For assets without reliable market quotes, the assumptions and challenge process can materially affect performance and fees.
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Hedge Funds Investment Guide
Understand hedge fund structures, investigate strategies and fees, and build a disciplined manager research process. Follow eight stages from investor access and portfolio mechanics to due diligence and ongoing review.
Start with What a hedge fund is and what it is not, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Valuation controls · All lessons
Manager Due Diligence
Evaluate investment discipline, operations, valuation and governance.