Australian regulator warns pension funds over unlisted company valuations after Canva slump

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US

United States United States Latest News, United States United States Headlines