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Former Evergreen Portfolio Manager Charged With Fund Pricing Violations
January 26, 2012
The SEC recently filed charges against Lisa Premo, a former portfolio manager of the Evergreen Ultra Short Opportunities Fund, for her role in the fund's pricing errors. According to the SEC, in early 2008, Ms. Premo learned that a collateralized debt obligation ("CDO")… read more
UBS Charged with Mutual Fund Pricing Violations
January 18, 2012
Yesterday, the SEC charged UBS Global Asset Management ("UBS") with failing to properly price securities in three mutual funds it manages, resulting in a misstatement to investors of the funds' NAVs. UBS, without admitting or denying the SEC's findings, has agreed to pay $300,000… read more
PWC’s 2010 Asset Management Valuation Survey
December 15, 2010
PriceWaterhouseCoopers has issued its annual survey of valuation practices. The survey of 50 US based asset managers of various sizes is designed to gather, analyze and share information about emerging trends in the valuation governance process. According to PWC: In recent years asset management firms have… read more
SEC’s Asset Management Unit Priorities
November 29, 2010
Last week, members of the Forum's staff attended an event in which SEC staff and a number of prominent attorneys discussed the SEC's Division of Enforcement's newly formed Asset Management Unit. While the panelists covered a wide range of issues, including hedge funds, private equity… read more
PWC Webinar on Valuation, December 1
November 23, 2010
On Wednesday, December 1, at 12:30PM EST, PWC will host a free webinar presenting and discussing the results of its latest asset management valuation survey. For this survey, PWC polled more than 50 registered and non-registered asset managers to gather, analyze and share information about… read more