NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Valuation Sensitivity: Analyzed to understand impact of key assumptions.
  • Tax Implications: Valuations affect capital gains and tax liabilities.
  • Liquidity Discounts: Applied to illiquid assets to reflect marketability.
  • Control Premiums: Added for investments with controlling stakes.
  • Valuation Training: Managers ensure staff are trained in valuation techniques.

NISM 19C Alternative Investment Fund Managers

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