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Hedge-fund managers face heavier reporting duties under new guidelines

By Sebastian Chrispin ( October 9, 2013, 15:37 GMT | Insight) -- A hedge fund’s governing body should be held accountable for reporting assets at fair value, the Alternative Investment Management Association said in a report. Tighter regulation, changes in accounting standards, and experience from the financial crisis led the trade group to revise its guide to hedge-fund valuations.A hedge fund’s governing body should be held accountable for reporting assets at fair value, the Alternative Investment Management Association says in a new report....

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