How do you value a Hedge Fund?IB
Forgive me if this is a noob question but I'm used to valuing nice, easy tech companies.
In GLG's case they have common stock, so despite their "private" nature they operate in a public manner, and you pretty much just value them in the typical method. But how would you value a private fund manager?
If I wanted to buy the business would it be as simple as just paying for the operations of the business, or would I have to buy their investments too?