Seminar 217, Risk Management: CANCELLED

Seminar 217, Risk Management: CANCELLED

Risk Seminar
Apr 23, 2019, 11:00 AM - 12:30 PM | 1011 Evans Hall | Happening As Scheduled
No seminar (Speaker - Featured)
We study how cross-sectional and temporal variation in valuation practice of private startup holdings by mutual funds affects investors’ access to these pre-IPO firms. Price dispersion across fund families holding the same security averages 10.0%, and is as large as 25% in some quarters. 42% of reported prices are not updated between quarters but large valuation changes occur when startups close...