Purpose – The purpose of this paper is to explain the rationale and methodology applied to the rental valuation of wet led (i.e. pub or bar) retail leisure outlets. The paper does not cover the valuation of other leisure property (e.g. restaurants, hotels). Design/methodology/approach – The...

Purpose – The water sector is set to continue to face severe challenges in meeting the financial requirements for maintaining, extending and upgrading new and ageing water systems in the face of growing water scarcity, stricter regulatory requirements and competition for capital. The gap...

Purpose – Discusses the most significant criminal prosecutions and regulatory actions in response to recent anti‐money laundering compliance lapses and the resulting concern in the financial community. Design/methodology/approach – Reviews earlier criminal enforcement actions; the recent...

Purpose – Seeks to introduce several of the important issues that must be resolved in connection with the structuring and formation of a customized hedge fund program Design/methodology/approach – Explains why some institutional investors have sought alternative investment structures that...

Purpose – To emphasize the need for financial services companies such mutual funds and brokerage houses to establish internal controls and related procedures for identifying potential conflicts of interest. Design/methodology/approach – Reviews government investigations into scandals...

Purpose – To describe the need and suggest guidelines for a formal, written manual that provides a firm, its registered representatives, and its supervisory principals a line of defense against costly repercussions from sales practice violations. Design/methodology/approach – Discusses...

Purpose – To describe the role and requirements for the chief compliance officer (CCO), appointed by hedge fund managers within an investment advisory firm. Design/methodology/approach – Summarizes Rule 203(b)(3)‐2 under the 1940 Investment Advisers Act, provides a recent case study in...

Purpose – To summarize Managed Funds Association's (MFA's) 2005 Sound Practices for Hedge Fund Managers™, which is designed to enhance the ability of hedge fund managers to manage operations, comply with applicable regulations, address unexpected market events, and help hedge funds satisfy...

Purpose – To describe the application of fair value methodologies to fund operations and emphasize the importance of appropriate valuation procedures. Design/methodology/approach – Discusses the need for appropriate valuation methodologies, describes a recent survey that shows how fair...