Paul Clark, Managing Director, Participates on Cayman Islands Private Funds Law Webinar
Paul Clark, Managing Director, was recently invited by TMF Group to participate on a panel, along with other industry experts, to discuss the new Cayman Islands Private Funds Law. Topics discussed: Introduction and requirements of a Private Fund Practicalities of a regulated Fund Valuation procedures Four eye principle To discuss the Cayman Islands Private Funds […]
Fair Value in Times of COVID-19
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) defines fair value, or Topic ASC 820, as the “amount that would be received in an orderly transaction using market participant assumptions at the measurement date”. The uncertainty associated with COVD-19 and the actions taken to reduce the spread of the virus have caused extreme […]
Understanding Personal Goodwill Valuations
The Internal Revenue Service defines goodwill as “the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor”.1 Court decisions have recognized a distinction between the goodwill of a business itself and the goodwill attributable to the owners or professionals of a business, also […]
Securities and Exchange Commission Charges Florida Investment Adviser with Fraud (May 2020)
TCA Fund Management Group Corp. (“TCA”) and TCA Global Credit Fund GP, Ltd. (“GP” or “Fund”, and with TCA, “Defendants”), a Florida based registered investment adviser, was charged by the Securities and Exchange Commission (“SEC”) with fraudulently engaging in revenue recognition practices that inflated revenue and the net asset value (“NAV”).(1) TCA was compensated based […]
Industry Updates are Available for Q1 2020
Houlihan Capital provides Quarterly Updates on the following industries as of March 31, 2020. Information includes valuation metrics, performance data and M&A activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Services Cannabis Consumer Products Containers, Packaging and Paper Products […]