# kaal:claim:1428387-001

**Claim.** A uniform approach to hedge fund valuation is not possible because the variety of hedge fund investments and strategies means some positions, such as non-concentrated positions in liquid securities, are far easier to value than others.

**Type.** condition  **Support.** argued

**Holds when.**

- applies across the range of hedge fund investment strategies

**Source quote.**

> The variety of hedge fund investments and strategies does not allow for a uniform approach to valuation because some types of investments, such as non-concentrated positions in liquid securities, are easier to value than other investments. To the extent that recent

**From.** Kaal, *Hedge Fund Valuation Retailization, Regulation, and Investor Suitability* (2009), I. Introduction, page 2

**Cite as.** Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

**Verify.** sha256 of source PDF `6aa3a280dc6750723be2389f3af2aabf3a16c4ce20e49fcdaddd7f2ea95a67aa` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202009%20-%20Hedge%20Fund%20Valuation%20Retailization%2C%20Regulation%2C%20and%20Investor%20Suitability.pdf

**Topics.** private-funds, economics, research-methods, dynamic-regulation

**Keywords.** hedge-fund-valuation, valuation-methodology, illiquid-assets, regulatory-design

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