SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: YanivBA who wrote (67474)8/4/2006 11:54:28 AM
From: mishedlo  Read Replies (2) of 110194
 
Side Pockets - From Minyanville

A story in the Wall Street Journal this morning takes a look at what are called "side pocket" accounts. Apparently, some hedge-fund firms are setting up separate accounts to hold certain harder-to-value investments and regulators and investors are becoming concerned about whether these accounts, known as "side pockets," are perhaps being used by some funds to overstate performance.

According to the Journal, some are placing as much as 25% of their investments in these side accounts.

The problem is that an accurate value for these investments sometimes can be derived only when they are disposed of, so hedge funds are sometimes slower to put up-to-date valuations on the accounts.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext