Seminar 217, Risk Management: Private Company Valuations by Mutual Funds

Risk Seminar
Oct 1, 2019 11:00am to 12:30pm
Location: 
1011 Evans Hall
Status: 
Happening As Scheduled
Mutual funds that invest in private securities value those securities at stale prices. Prices change on average every 2.5 quarters, vary across fund families, and are revised upward dramatically at follow-on funding events. The infrequent, but dramatic price changes yield predictably large fund returns. Fund investors can exploit the stale pricing by buying (selling) before (after) the follow-on...
Speaker: Ayako Yasuda, UC Davis (Speaker - Featured)