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In changing volatility markets, valuation risk is still a major concern for the Risk Manager.
Six months after the official kick-off of AIFMD (Alternative Investment Fund Management Directive) in Luxembourg, how are we doing with regards to valuation risk? «Valuation of the assets under management is very important for alternative investment funds (AIFs) both for complying with the requirements for certification as an alternative investment fund manager (AIFM) and for the daily funds operations, including effective management of the market risk», says Stefan Mittelbach, Managing Director at abraxas GmbH.
Most management companies in Luxembourg carefully apply processes for independent valuation of the assets under management. Whether they delegate...
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