韩韩_品职助教 · 2019年03月24日
这里主要说给资产计算valuation的问题，subjective unobservable inputs其实简单理解就是自己的估值，而不是从市场上实际可以观察到的。
Firms managing alternative investment strategies may utilize subjective, unobservable inputs (e.g., a model) to create valuations when there are no prices that are readily available or appropriate.
proprietary assets 是指公司的自有资产。
Investments owned by the firm, the firm’s management, and/ or the firm’s parent company that are managed by the firm.
