Higher Frequency of Fair Value Assessment of Alternative Investments by NPS, from Annual to Quarterly The National Pension Service (NPS) is considering increasing the frequency of fair value assessment of alternative assets, which has been conducted annually, to a quarterly basis. Currently, the NPS carefully selects institutions with a valuation process and independent third-party verification procedures for overseas alternative investments, and accepts the results of the appraisal evaluation conducted by the entrusted GPs in good faith. However, in Korea, alternative assets are evaluated by asset management companies based on their own assessment of asset value and the assessment of external evaluators. The National Pension Fund Committee makes the […]