How Far We've Come In Fair Valuation

A little more than a decade ago, Deloitte put together its first fair valuation survey. It's goal was to help mutual funds benchmark their valuation policies and procedures against others in the industry, as well as to highlight the different approaches. This year's participation has grown...

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Bibliographic Details
Published in:Money Management Executive 2012, Vol.20 (39), p.13
Main Author: Kraft, Paul
Format: Newsletterarticle
Language:English
Subjects:
Accounting firms
Asset management
Mutual fund industry
Mutual funds
Polls & surveys
Scandals
Surveys
Trends
Valuation
Online Access:Get full text
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Summary:A little more than a decade ago, Deloitte put together its first fair valuation survey. It's goal was to help mutual funds benchmark their valuation policies and procedures against others in the industry, as well as to highlight the different approaches. This year's participation has grown to more than 80 mutual fund firms, representing more than $5 trillion in assets under management. Over the past 10 years, vendor interactions have moved from direct valuation inputs to an evaluation of a vendor's suggested pricing indication. At the same time, mutual fund firms have built up their related control processes and procedures. Today, firms are more likely than at the survey's inception to make adjustments or issue challenges to third-party valuations, as well as to conduct site visits of pricing vendors.
ISSN:1549-9111