Sentences with phrase «illiquid assets marked»

Not exact matches

And what about the valuations of these funds using realistic mark to market prices for the illiquid assets, like private equity, commercial real estate and OTC derivatives?

I can guarantee you with my life that if an independent auditor spent the time required to implement a bona fide market value mark - to - market on that fund's illiquid assets, the amount of under - funding would likely jump up to at least 70 %.

Every public pension fund in the country is catastrophically underfunded, especially if strict mark - to - market of the illiquid assets were applied.

For those that haven't read me much, the deadly trio of too much leverage, illiquid assets, and liquid liabilities is what causes most corporate defaults of financial companies, not lesser issues like mark - to - market accounting.

Sure, most funds use third parties for marking illiquid assets, but if these third parties want to stay in the fund managers good graces they are going to be biased toward the interests of the hedge fund managers too.