On June 19, 2013, WilmerHale and Deloitte jointly hosted a webinar entitled “Valuation Issues, SEC Examinations & Enforcement Actions.”  The panel of attorneys and auditors discussed the SEC’s heightened focus on private fund manager practices related to valuation, calculation of fees and allocation of expenses.  Panelists also outlined compliance best practices for hedge fund managers relating to valuation, fees, expenses and other areas on which regulators are focused.  For more on those focus areas, see “OCIE Director Bowden Identifies Five Key Lessons for Hedge Fund Managers from Recent Presence Examinations,” Hedge Fund Law Report, Vol. 6, No. 21 (May 23, 2013).  This article summarizes salient points from the webinar.