How Will the SEC’s New Fair Value Rule Impact Alternative Asset Managers and Investors?

In episode five of ALTLOOK: The Alternative Investments Podcast, David Larsen speaks with Ross Hostetter, managing director and Portfolio Valuation leader, North America at Kroll. They discuss how the SEC’s new Fair Value Rule will impact Registered Investment Companies and by implication Registered Investment Advisers. Fifty years in the making, the SEC’s new rule 2a-5 clarifies the responsibilities of boards yet expands their responsibilities when concluding on the value of private or illiquid debt and equity investments.