Hedge funds have specific characteristics that define their market value.
This growing sector holds 7% of the world’s wealth, is very fragmented, highly regulated and currently under pressure to reduce its earnings which depend on the ability of its manager(s).
The valuation analyzes yield history, expected returns, market forecasts, fees, performance, operating expenses, etc … and determines the best outcome.
In this market it is difficult to find adequate comparisons and determining the length of the analyzed period of returns requires particular attention.
For purchases and sales, IFRS, taxes and disputes Mynarski sets the correct value based on established criteria.