By Sam Won
Private equity fund managers who have been in the business for a while most likely long for the days when the only external reporting they needed to do was to provide their limited partners with investor statements. In the aftermath of the financial crisis, these managers face a sea change.
Today, virtually all asset managers, including private equity fund managers, must now report on a periodic basis to both their regulators and investors many details about their business operations and their investment performance, as well as information regarding their fund’s risk profile such as liquidity risks, market risks, funding risks and capital risks.
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