The Importance of Valuations for Alternative Investments
Kirkland Capital Group Chief Investment Officer Chris Carsley’s paper, The Importance of Valuations for Alternative Investments, was published in the prestigious CAIA Blog, Portfolio for the Future. This paper provides important and accessible education to investors on Fair Value Measurement and Valuation Best Practices.
If I am going to buy a house, should I compare the listing price to other like houses in the neighborhood? If I am planning on buying a car, should I request a breakdown of cost from the dealer and look at prices of other similar cars? I could hurriedly make these purchases and, perhaps, everything will work out. However, I think we would all agree that considering value is a significant component to any large ticket purchase. Given the importance of value, why is it so often overlooked when it comes to investments? Particularly, alternative investments.
Read the paper now: The Importance of Valuations for Alternative Investments