Grant Thornton is one of the leading professional services firms providing a full range of audit, tax and advisory services to global hedge funds and funds of funds. With an experienced team around the world, our professionals are well-versed in the complex business, financial and regulatory issues that affect the industry. We provide sophisticated insights and operational guidance with regard to:
As hedge fund industry thought leaders, we regularly publish white papers, articles and other communications designed to keep clients abreast of emerging issues. We provide timely, insightful guidance on industry-related policies and positions issued from agencies and organizations such as the Financial Accounting Standards Board, the SEC, the Financial Services Authority, the Association for Investment Management and Research, and the American Institute of CPAs. We also leverage our strong professional relationships with regulatory agencies in Washington, D.C., and abroad to assist our clients in their compliance with federal and overseas legislation and enforcement activities.
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New AICPA guidance may help fund managers contend with increasing levels of complexity in estimating their portfolio valuations.
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, to substantially converge the guidance in U.S. GAAP and IFRS regarding fair value measurements and disclosures. The amended guidance changes several aspects of the fair value measurement guidance in FASB Accounting Standards Codification® (ASC) 820, Fair Value Measurement. This issue of Asset ManagementAdviser (formerly Hedge FundAdviser) discusses the provisions that will most likely have an impact on your fund's financial reporting.
Financial institutions face more scrutiny from regulators and the general public than ever before particularly when it comes to executive and incentive pay. In response, the president signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) into law on July 21, 2010. Among the Dodd-Frank Act’s many provisions are new rules for incentive compensation. On Feb. 7, 2011, the Federal Deposit Insurance Corporation (FDIC) proposed a number of regulations for implementing compensation provisions in the Dodd-Frank Act. The FDIC’s proposed regulations reach beyond banks and will affect a range of financial services firms, including broker-dealers and investment advisers. Beyond banks: New incentive compensation rules reach entire industry explores the background of this issue and provides action steps for firms.
The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) is changing the landscape for financial services firms and financial institutions. The Act will place investment advisers, hedge funds and private equity under increased regulation and scrutiny — namely, registration and examination by the SEC. Advisers and funds should be prepared for the enhanced disclosure and reporting requirements that come with the new regulations. Financial reform: What private fund advisers need to know about the Dodd-Frank Act outlines the new rules that funds and their advisers should understand and actions they can take.