New Standards in Fund Valuation VOLTAIRE ADVISORS 3 RD ANNUAL - - PowerPoint PPT Presentation

New Standards in Fund Valuation

VOLTAIRE ADVISORS 3RD ANNUAL WORKSHOP ON FUND VALUATION NEW YORK, 6TH JUNE 2018

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Agenda

Welcome Ian Blance | Voltaire Advisors 0845 - 0915 Keynote | Industry Priorities for SEC Valuation Guidance Susan Wyderko, Mutual Fund Directors Forum 0915 - 1000 Panel Session | Mutual Fund Liquidity Risk Management 1000 - 1015 Coffee 1015 - 1100 Panel Session | New Standards for Financial Instrument Valuation 1100 - 1145 Panel Session | Syndicated & Middle Market Loans 1145 - 1230 Panel | The (Ex) SEC Speaks! 1230 End of Briefing

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Industry Priorities for SEC Valuation Guidance

Susan Ferris Wyderko, President, Mutual Fund Directors Forum

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Mutual Fund Liquidity Risk Management

Moderator – Bu Buddy Donohue, Shearman & Sterling Ro Robert Kane, BondView Al Alexander Leonhardt, DWS Na Naz Qu Quadri, , Bloomberg

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Discussion Topics

u The liquidity 'bucketing' process u The determination of HLIM u The use of an 'asset class' approach u Board approvals - December 2018 and June 2019 u How much should the board be told? u How much is the fund admin involved? u What should be in the report 'narrative'?

New Standards in Fund Valuation

VOLTAIRE ADVISORS 3RD ANNUAL WORKSHOP ON FUND VALUATION NEW YORK, 6TH JUNE 2018

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New Standards for Financial Instrument Valuation

Moderator – Bi Bill Johnston, ASA Ian B Ian Blanc ance, Voltaire Advisors Ju Justin Ku Kuczmarski, , NAV Valuation & Advisory Ja Jamie Spam Spaman an, , Stout

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Discussion Topics

u CEIV u MPF u AICPA u PCAOB u AIMA u DF-FI u CVFI u …..

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Syndicated & Middle Market Loans

Moderator – Ian B Ian Blanc ance, V Voltai aire A Adv dvisors Al Alex Bu Buzby, , Advantage Data Ne Neil Khettr try, , Murray Devine Ma Matt Rose, Thomson Reuters

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Discussion Topics

Ø Broker Quotes Ø Evaluated Prices Ø Model Valuations Ø Aggregated/Composite Prices Ø BDC’s Ø Data Challenges Ø Future?

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The (Ex) SEC Speaks!

Moderator – Susan Susan Wy Wyderko, , Mutual Fund Directors Forum No Norm Champ, Kirkland & Ellis Bu Buddy Donohue, Shearman & Sterling Da Davi vid Grim, Stradley Ronon

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Discussion Topics

Ø Expected Valuation Guidance Ø 2014 Money Market Reform Language Ø Subsequent FAQ’s Ø The SEC During the Crisis Ø Liquidity Risk Management Ø What Does the Future Hold?

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Contact Us

Voltaire Advisors LLP 14 Wall Street No.1 Poultry New York London NY 10002 EC2R 8JR USA UK 1 800 317 1932 info@voltaireadvisors.com www.voltaireadvisors.com