Valuation of instruments is a major issue for fund administrators. In the wake of the problems posed by subprime, complex and often illiquid financial instruments will continue to be a challenge for administrators.
Don McClean at UBS Ireland believes the independence of valuations "is critical including for difficult-to-price instruments." He says the increase in illiquid investment is "creating a demand for specialist pricing vendors. Vendors are developing solutions so these illiquid instrument
The week on Risk.net, August 4–10Receive this by email