Deloitte: Only 4% of Fund Groups Update Unobservable Inputs Daily
Cox Capital and VineBrook Homes Trust tender offers price exits at 20% and 37% below NAV.
At a glance
A Deloitte survey of 95 registered investment company fund groups found that only 4% update unobservable fair-value inputs daily.
Cox Capital is bidding $10 million for Blue Owl Credit Income Class I shares at $7.31 per share, 20% below the reported August 31 NAV of $9.14.
VineBrook Homes Trust expects to buy 909,090 Class A shares at $33, a 37% discount to NAV, after 2.75 million shares were tendered.
A Deloitte survey of 95 registered investment company fund groups found that only 4% update unobservable fair-value inputs daily. Another 39% reassess those unobservable inputs quarterly, while 48% of fund groups refresh valuations daily using observable market inputs. The survey measures valuation frequency, not tender outcomes.
Cox Capital is bidding $10 million for Blue Owl Credit Income Class I shares at $7.31 per share, 20% below the reported August 31 NAV of $9.14. The tender expires November 25 unless extended or terminated earlier.
VineBrook Homes Trust expects to buy 909,090 Class A shares at $33, a 37% discount to NAV, after 2.75 million shares were tendered. The expected buyback totals about $30 million and would fill roughly one of every three shares tendered.
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