Adios 發問時間: 社會與文化語言 · 1 0 年前

財金英文翻譯 拜託幫幫忙

he CA index relies on the quarterly reports made by the GPs. In these reports, GPs include an estimate of the values for unrealized investments. As mentioned earlier, these estimates are often based on very old information, leading to the phenomenon of stale values.

Indeed, many GPs simply report all valuations based on the most recent round of financing, even if a company's outlook had changed significantly since that time.

During a rising market, this practice is considered to be conservative, but in the postboom period, some LPs began to complain that these old valuations significantly overstated the value of the portfolios and made it difficult for LPs to properly assess their holdings. In either case, it is clear that such valuations will not reflect the current market values of the companies.

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請勿網頁翻譯^^

2 個解答

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  • 1 0 年前
    最佳解答

      他加州索引仰賴被 GPs 做的每季的報告。 在這些報告中, GPs 為不了解投資包括價值的一個估計。 如早些時候提到,這些估計時常以非常舊的資料為基礎,導致不新鮮價值的現象。

      的確,許多 GPs 只是報告以最近回合的融資為基礎的所有的評價,即使公司景色自從那次以後重要地改變。

      在一個上升的市場期間,這一個練習被考慮是保守派人士,但是在繁榮後時期內,一些長時間唱片開始抱怨重要地誇大的敘述檔案的價值的這些舊的評價而且使長時間唱片困難適當地估計他們的把持。 在任一情況,它很清楚如此的評價將不反映公司的現在市場價格。

    參考資料: ME++
  • 1 0 年前

    The CA index relies on the quarterly reports made by the GPs. In these reports, GPs include an estimate of the values for unrealized investments. As mentioned earlier, these estimates are often based on very old information, leading to the phenomenon of stale values.

    Indeed, many GPs simply report all valuations based on the most recent round of financing, even if a company's outlook had changed significantly since that time.

    During a rising market, this practice is considered to be conservative, but in the postboom period, some LPs began to complain that these old valuations significantly overstated the value of the portfolios and made it difficult for LPs to properly assess their holdings. In either case, it is clear that such valuations will not reflect the current market values of the companies.

    CA指數乃根據GP的季度報告而作成。在這些季度報告中﹐GP包括了未變賣投資項目的估值。如前述﹐這些估價通常根據非常舊的資料而成﹐引致喪失時效的現象。實際上﹐很多GP單純根據最近一期的財務資料匯報所有估值﹐即使有關公司的前景在其後有相當大的變動。

    在上昇軌道的市場﹐這種做法被認為是保守﹐但在資產價格飆漲後期﹐一些LP開始抱怨這些陳舊估值嚴重誇大了投資組合的價值﹐並且令LP難以適當地評估他們持有的投資項目估值。在此任何一種情形下﹐很明顯這種估價方式並沒有反映出公司的現時市值。

    參考資料: My humble opinion
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