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Exact(47)
THERE is precedent for such an independent valuation.
For example, the directive calls for independent valuation of assets.
For example: name the bank that conducted this "independent" valuation and make it justify its arithmetic.
But there was never an independent valuation or a fairness opinion.
Treacher's actions undermined BlueBay's independent valuation process and disadvantaged investors in the affected funds," Cole said.
A requirement for an independent valuation of funds' assets has been dropped.
Similar(12)
But its offers have fallen short of independent valuations.
Among the services the exchange provides are research and independent valuations of private equity, a type of investment that traditionally excluded most individual investors and was rarely traded.
Taylor Wimpey says: "We'll buy your existing property from you, at a price we agree with you based on two independent valuations".
As the holdings of private equity firms have grown larger and more complex, a lucrative cottage industry has developed around providing independent valuations of hard-to-value investments.
However, generally speaking, private equity funds typically obtain independent valuations based on this type of accounting standard only once a year, so their first effort under FAS 157 is just around the corner.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com