UniSuper discusses unlisted asset valuation as regulatory scrutiny rises

The Australian Prudential Regulation Authority (APRA) has put the country’s A$3.6-trillion ($2.4 trillion) superannuation industry on notice, demanding stricter and more timely valuation practices for unlisted assets. The incoming regulation is unlikely to impact the smaller super funds in the industry who typically use external fund managers to gain exposure to private assets — instead, the scrutiny will fall on the larger funds who take on the task of investing and valuing these…