A leading provider of portfolio forecasting for private markets, New York-based CEPRES, is telling its clients to use 10% Value at Risk (VaR) forecasts for this year and next due to the COVID-19 outbreak.
CEPRES has told its clients to expect an overall 10% reduction in long-term market return expectations based on money multiple (MOIC); return adjustment depending on fund vintage, entry multiples and industry focus.
CEPRES experts are now applying a 10% VaR liquidity forecast for their projections used by more than 100 institutional investors around the world including pensions, insurers . . .
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