Victor Chan Yin

Victor Chan Yin

US GAAP: an acceptable accounting principle in Luxembourg?

As more and more US-based asset managers choose Luxembourg for their next alternative investment funds (AIFs), the question they invariably ask is whether they can keep the accounting principles they are using for their current structures: United States Generally Accepted Accounting Principles (US GAAP). Many of these asset managers also run parallel funds al […]

Bringing clarity around private equity asset valuations

This article was originally published on by Robert Ohrenstein, Partner, Global Head of Private Equity, KPMG International, Mr. Sean McKee, National Practice Leader, Public Investment Management, KPMG in the U.S. and Jonathan Martin, Partner, Head of Private Equity UK Audit, KPMG in the UK. The timing of COVID-19 has brought uncertainty and confusion […]

Proactive portfolio management and future planning

The article was originally published on by Robert Ohrenstein, Partner and Global Head of Private Equity for KPMG International. It feels much longer than the 3-4 weeks that have passed since I set out my initial thoughts concerning COVID-19, Being Robust in Trying Times. While the previous note was almost entirely dominated by the initial reaction to […]

The impact of IFRS 10 (investment entities)

Investment funds have long sought relief from consolidation, and the International Accounting Standards Board (IASB) has responded with an industry-specific solution which came into effect on 1 January this year.