What Auditors Discover Long Before Investors See the NAV

When investors look at a private investment fund, one of the first numbers they see is the fund’s Net Asset Value (NAV). Think of NAV as the estimated value of everything the fund owns minus what it owes. It sounds simple. But getting to that number is anything but simple. Behind every NAV are months … Continued The post What Auditors Discover Long Before Investors See the NAV appeared first on D Magazine.