Many managers produce asset valuations for reporting purposes in-house. This is a logical approach for assets that can have limited publicly available data. In many instances, the manager of a portfolio of illiquid assets will have the most up to date performance information and the best understanding of the structure of those assets. However, in-house valuations bring potential conflicts of interest to mind for both investors and regulators.
To mitigate these concerns, managers will look for independent third party verification of their in-house pricing. Corvid provides an independent, third party review service for securities priced in-house. Where necessary, our valuation confirmations are carried out in line with regulatory requirements such as AIFMD.
With over 20 years of experience in trading, structuring and marketing illiquid credit, Corvid’s senior team understands the needs of managers, the markets in which they operate and the practicalities around valuing illiquid fixed income.
Our valuation confirmations service also provides reviews of documented valuation processes and the quality and relevance of input data. We also provide assistance to managers in developing and documenting new valuation processes for illiquid fixed income securities.
To talk to us about our valuation confirmation services, call us now on +353 1 2544733 in Europe or +1 860 5772238 in North America or email any queries to firstname.lastname@example.org