During the ACA Group’s Fall 2021 Virtual Conference, partner Steven Stone discussed FINRA’s recent issuance of Regulatory Notice 20 21 (RN 20 21). The Notice requires certain internal rates of return for unrealized investments to be calculated in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS).
Steven’s insights, including factors for sponsors to weigh in order to comply with RN 20 21, were covered by Private Equity Law Report in a two-part series. Read part one here.
Read the full Private Equity Law Report article >>
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