No End in Sight to Valuation Challenge

There appears no end in sight to the valuations challenge facing buy-side organizations when it comes to valuing thinly traded assets, according to Stone Tower Capital portfolio manager Aleksey Leksanov. This challenge was especially acute during the credit crisis when liquidity in the markets covering large numbers of complex credit instruments dried up, leaving buy-side firms unable to value assets due to the dearth of reliable market data. But even though the credit crisis has now passed,