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Estimates of asset-based wealth were applied to every household in each survey and used to establish quintiles of household wealth for each country.
In some markets the process produces an unbiased estimate of asset value, and in others a biased estimate.
According to this hypothesis market prices provide the best estimate of asset values because they incorporate all available information.
The official estimate of assets so far acquired in this way by managers and officials is 12% of all state holdings.
While its liabilities are known to be $59 billion, estimates of its assets are much more obscure.
By using its own estimates of the assets' worth, according to the suit, the company inflated the fund's value.
While the liabilities are widely known to be $59 billion, estimates of its assets are much more obscure.
With it, pessimism has lowered return assumptions, ratcheting double-downward estimates of future assets.
The Pacific Institute, a think-tank focusing on sustainable development, estimates $48 billion of assets could be impacted in San Francisco alone. .
The difference was that the APS valued the book as an insurer would, valuing the assets using best estimates of what the asset values are after taking account of likely outcomes.
The Libyan Investment Authority is the country's main financial vehicle, with an estimated $70bn of assets, according to the Sovereign Wealth Fund Institute.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com