Alternative Assets (28)—DOL Proposal and the Six Defined Factors: The Valuation Factor (1)
Key Points: As you might expect, the Valuation factor requires that fiduciaries determine that private, illiquid investments must be fairly valued. It is probably not expected, though, that liquid investments, e.g., mutual funds and CITs holding only publicly traded securities, are also subject to the Valuation factor. The DOL’s proposed regulation on selecting investments, including […]