Robert Barrack, former CFO for Blackstone's private equity operations, will fill the newly created role of chief operating officer.
A group of prominent Dutch pensions has joined the chorus warning about the negative impact of proposed EU regulations on alternative funds, saying in a recent letter that such measure could cost the country’s pension fund and asset managers €1.5 billion a year.
With 2009 officially in the rearview mirror, many managers are likely starting the new year wondering what changes 2010 holds in store for them. As seen on PEM this week, one issue that isn’t going away is fair value accounting.
David L. Larsen of Duff & Phelps examines the possible causes for fair value's pariah status in the private equity world. An excerpt from PEI Media's forthcoming book: The Definitive Guide to Private Equity Valuation
The recent name change to FAS 157, which is now known as ASC 820, is part of an effort to make it easier to research accounting issues. However, it may lead to some initial time costs as firms and accountants adjust.
Morrison Cohen’s David Lerner on the costs of SEC registration.
Dechert’s Adam Levin on the EU Directive.
Boris Johnson on regulatory restraint.
Two US economists have released a thought piece making the case for repealing FIRPTA, citing potential benefits to the commercial real estate market, productivity gains for commercial real estate-related businesses and increased funding for the US current-account deficit.
Globalisation, financial regulatory trends and increasing investor demand for transparency have made financial communications more important than ever. Riverside-backed company King Worldwide is looking to take advantage of these trends, and bring consolidation and growth to the industry.