Marking Illiquid Investments in Liquid Funds
As mutual fund flows continue to favor passive strategies, some active fund managers are beginning to look to alternative asset classes to augment returns and generate sustainable alpha. Travis W. Harms Mercer Capital’s Financial Reporting Valuation Group lead, discusses how the inclusion of illiquid venture capital investments in liquid funds shines a brighter spotlight on fair value measurement.
To read the full article in Mercer Capital’s Financial Reporting Blog, click: Marking Illiquid Investments in Liquid Funds.
This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. To subscribe to the blog, visit: http://mercercapital.com/category/financialreportingblog/.