Featuring (click image for more information):

Jay Fishman FASA Financial Research Associates	Scott A. Nammacher ASA, CFA Empire Valuation Consultants

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Why You Should Attend:

Proliferating in good times while seeking to mitigate risks, alternative investments are an increasingly popular vehicle in the world economy. Given the complexity of their strategies, it should be no surprise that the management strategies of these firms can also seem confusing, resulting, in turn, with complications and pitfalls for the appraiser tasked with their valuation. Indeed, we've heard much about the compensation schemes for hedge fund and private equity managers through the years, as we have of recessions proving their investment strategies wrong.

In "Valuing Alternative Investment Management Companies: Private Equity and Hedge Funds," expert appraisers Jay Fishman and Scott Nammacher join BVR for a thorough examination of the valuation challenges inherent in this growing sector of our economy. The latest installment in BVR’s Industry Spotlight Series, this presentation will highlight what every appraiser should know when approaching the valuation of such firms.

Agenda
Topics to be addressed

• Overview of Private Equity and Hedge Funds: Operations and Makeup
• Changing face of asset management companies
• Key Considerations
• Valuation Issues
• Documents to Review
• Valuation Methods & Applications
• Consideration of public private equity and hedge fund managers
• Compensation analysis

Learning Objectives

• Gain a clear understanding of the operations and functionality of an alternative investment management company
• Learn which valuation techniques are best suited to alternative investment company valuation and why
• See where the traps lie in valuing alternative investment managers and learn how to properly handle these trouble areas
• Understand where the industry has been and where it's headed

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CPE Credits for Unlimited Listeners

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CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org NASBA Sponsor

Training Packs: Conference Recordings & Transcripts

BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

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