Valuations Vagaries And Valuations

Have you seen any progress by industry organisations in the past year in their efforts to establish more standardised buy-side valuation processes?

Brad Bailey, senior analyst, Aite Group: Since mid-2005 the MFA (Managed Funds Association), AIMA (Alternative Investment Management Association), IOSCO (International Organisation for Security Commissions) and the FSA (Financial Services Authority) have addressed these issues from the perspective of best practices, fraud avoidance and misrepresen