SEC questioning of mutual funds' valuation practices makes the pressure even more acute.
I guess I feel like the last four or five months in both biotech and tech more broadly have been akin to what you might have considered "last licks" in a stickball game as the sun was going down, and that shift predates the mutual fund valuation stuff that came out.
I guess I feel like the last four or five months in both biotech and tech more broadly have been akin to what you might have considered "last licks" in a stickball game as the sun was going down, and that shift predates the mutual fund valuation stuff that came out.
Smith covers such topics as mass psychology, fundamental analysis, technical analysis, equity valuations, mutual funds and more.
Further, the SEC has specifically signaled that it is closely scrutinizing the way in which mutual funds calculate valuations of their holdings in these companies.
Further, the SEC has specifically signaled that it is closely scrutinizing the way in which mutual funds calculate valuations of their holdings in these companies.
"The legal standards and duties regarding trading and valuation of mutual fund shares are clear and longstanding," said ICI President Matthew P. Fink.
A source with knowledge of the funding has confirmed to me as well that Dropbox has indeed raised a Series C of that amount from existing investors and major mutual funds at a $10 billion valuation.
Suster similarly attributes overheated valuations last year to mutual and hedge fund investors, who've seemingly retreated from venture capital (for now).
Despite its new funding, Flipkart has also faced its own troubles, including valuation markdowns from several mutual funds.
Less than 5% of Saudi shares are owned by other Gulf investors, who are prohibited from investing in banking and insurance stocks; foreigners from further afield cannot invest directly in the market, though they can get a look-in by putting their money into, say, Saudi mutual funds.But at these valuations, would they want to?
