The launch of two new internet-based initiatives promises to offer greater transparency to the world ...
The launch of two new internet-based initiatives promises to offer greater transparency to the world of hedge funds with publication of real-time NAVs and daily risk ratings. Plusfunds.com's initiative is supported by Ernst & Young and Standard & Poor's. Funds will provide details of their portfolio holdings to S&P for daily evaluation. The ratings agency will issue valuations and risk profile, while maintaining secrecy as to the exact nature of the portfolio holdings. The models, using technical support provided by Ernst & Young, will assess the changes in NAV, with a number of update...
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