By Lewis Jackson SYDNEY (Reuters) - Australian pension funds need to improve how they value private equity, the sector's regulator said on Monday after ...
Update on Halifax Serval Cat | SaltWireSYDNEY - Australian pension funds need to improve how they value private equity, the sector's regulator said on Monday after a review into the sector's treatment of Canva, an Australian technology startup whose lofty valuation tumbled last year.
The Australian Prudential Regulation Authority on Monday said while most funds had"appropriate" valuation practices for Canva,"several areas required improvement", including instances where boards were not given appropriate information or were unwilling to challenge what they had been told. "Through our supervision activities, APRA has continued to address these issues with RSE licensees since the conclusion of the review," APRA said in a release that did not name any funds.
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