In November 2002, the California Court requires the California Public Employees Retirement System (CalPERS) to publicly report their returns on private equity investments. This case is a dispute over the disclosure of private investment is returned to the mandate, the decision of the court. It includes a discussion of the reaction of the general and limited partners, and issues related to the large amounts of pension funds invested in alternative investments. CalPERS decision aligned with the efforts of the Association of Investment Management and Research (AIMR) and the British and the European Venture Capital Association for greater agreement on disclosure standards in reporting the results of private equity investments. Body parts of a single set of standards, AIMR in the Global Investment Performance Standards (GIPS), which will be from January 1, 2005. Students are asked to calculate the indicators proposed for the typical fund and evaluate their usefulness for a potential investor. In a broader sense, the case is the type of information required for proper benchmarking of private capital returns and the impact of this type of disclosure industry. "Hide
by Susan Chaplinsky, Susan Perry Source: Darden School of Business 21 pages. Publication date: April 15, 2004. Prod. #: UV2522-PDF-ENG
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