Unlisted asset valuation processes largely inadequate: APRABY JAMIE WILLIAMSON | WEDNESDAY, 27 OCT 2021 12:28PM
In reviewing decisions made by super funds in relation to unlisted assets early last year, APRA has found an overreliance on external parties like fund managers and asset consultants by some, possibly to the detriment of members. It also found instances of chief investment officers spearheading valuation decisions.
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