Pluris Valuation Advisors Publishes FAS 157 Handbook

NEW YORK, N.Y., January 2, 2008 – Confused about the new “fair value” standards?

Pluris Valuation Advisors, Inc. has published the “FAS 157 Handbook” to help hedge fund managers and other financial professionals understand the new fair-value standards.

• Potential mark-downs in asset value because of illiquidity
• Why the often-used mark-to-model valuation standards are little better than reading tea leaves
• Why auditors will be more reluctant to sign off on fair value measurements
• Why it will be especially difficult to achieve the highest "fair value" standards (Level I) required by FAS 157

These are just some of the issues discussed in the handbook, which is available at the Pluris Web site at www.PlurisValuation.com.

“Regulators and investors are increasingly scrutinizing the methods that hedge fund managers and others are using to value assets,” Robak said. “They are especially wary of how illiquid assets are being valued, since there is great potential for overvaluing them. The FAS 157 Handbook can ensure financial professionals that they are not only meeting regulatory requirements, but are using best practices to value their assets.”

Pluris provides valuation of illiquid assets, such as restricted securities and stock options, for financial reporting, tax purposes, business transactions and litigation support.

About Pluris Valuation Advisors

Pluris Valuation Advisors, Inc. of New York, N.Y., is a full-service valuation firm specializing in the valuation of restricted securities of public companies and other assets that lack liquidity. Additional information is available at www.PlurisValuation.com.