NISM 19C Alternative Investment Fund Managers Exam Notes

Page 69 Of 154

Go to:

  • Private Equity Valuation: Often relies on DCF or multiples due to unlisted nature.
  • Hedge Fund Valuation: Involves daily pricing for liquid securities like derivatives.
  • Real Estate Challenges: Include subjectivity in assumptions like cap rates.
  • Infrastructure Assets: Valued based on long-term cash flows and regulatory tariffs.
  • Distressed Assets: Valued at deep discounts reflecting recovery potential.

NISM 19C Alternative Investment Fund Managers

MODELEXAM MODELEXAM®