Canberra to start review of pension funds’ unlisted assets

The Australian Prudential Regulation Authority said pension fund managers must “ensure investment governance practices are sound." — Bloomberg

CANBERRA: Australia’s pensions regulator will launch a review of asset valuations and liquidity management practices in the coming months.

This comes as funds in the A$3.6 trillion (US$2.4 trillion) industry grow their holdings of unlisted assets and face scrutiny on the timeliness of valuing those securities.