Calculating assets under management (AUM) is set to change for certain hedge funds, as a calculation used by the Securities and Exchange Commission, called Regulatory Assets Under Management (RAUM), is set to take place. The Managed Funds Association (MFA) published a PowerPoint presentation explaining the changes.
New SEC guidelines: “Regulatory Assets Under Management (RAUM)”
When reporting to regulators, managers must now report assets managed without deduction of any offsetting liabilities, the presentation noted. This number represents all of the assets managed by a single manager, including assets of separate accounts and separate private funds. Many hedge fund managers, such...
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