The AIF or its management company is responsible for correctly valuing the assets of the AIF and for calculating and publishing its net asset value. The appointment of an external valuation expert by the AIF or the management company does not exonerate them from their respective responsibilities.
The external valuation expert is liable to the AIF or its management company for any loss suffered by the latter and resulting from its negligence or intentional failure to perform its duties. Any contractual arrangement to the contrary shall be deemed null and void.