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AV_AIRAS

  1. @ktrae Primer on Valuing Common Stock of Closely-held Firms: The IRS 409A Dilemma provides clarity on capital raise impact on firm value.
  2. #in The 2nd edition of Axiom's Primer on Valuing Common Stock of a Closely-Held Business: The IRS 409A Dilemma is now an Amazon Kindle book
  3. #in JPM was not hedging its European loan portfolio It was long Euro CDS in the midst of the European crisis Bad bet DF would not stop this
  4. #in JPM loss will not solve TBTF The risk to the banking system by not separating commercial and investment banking is real.DFwill not help.
  5. #in JPM loss may be reversed in the next quarter or so. Problem is not use of derivatives but lack of management oversight.
  6. #inJPM loss on hedges may be reversed. See AIG hedges for guidance. The issue for JPM is not hedging error but lack of internal oversight.
  7. # in JPM loss on hedges may be reversed. Look at AIG hedges as guidance. Issue is not reported loss but lack of oversight by management
  8. Read Axiom's Credit Risk and Fair Value White Paper Summary: axiomvaluation.com/contact_for_st… #in
  9. #in Latest REIT Fiasco Demonstrates That Investors Need Axiom Valuation’s AIRAS bit.ly/JwjyBY
  10. #in Should private fund NAVs be trusted? NO! AIRAS clients are protected from a Retail Properties of America REIT shock. C WSJ story
  11. Axiom's Credit Risk and Fair Value Pricing System produces unbiased estimates of market prices for level 2 and 3 assets. #in
  12. #in Are you investing in a CLO? You need due diligence. See my presentation, “CLO Valuation and Investor Due Diligence” bit.ly/H2isvU
  13. Are you investing in a CLO? You need due diligence. See my presentation, “CLO Valuation and Investor Due Diligence”: bit.ly/H2isvU.
  14. #in Value of leveraged loans & high yield debt improve as default risk wanes and recovery improves. BDC demand a driver. Euro loans a + .
  15. #in Leveraged BDCs will add significant demand for non-priced unrated LLoans. SEC: Is FV assigned by manager an accurate measure of price?
  16. #in Axiom analysis of levered loans indicates they are less risky than they appear because unlvered buisness value is large.
  17. #in Bogus returns led pensions to invest in AIJ. See WSJ. Y does this happen? AIRAS protects from being misled. TRUST BUT VERIFY = AIRAS
  18. #in Liquidity discounts for private debt appear on average to be in line with a protective put calculation based on Axiom research.
  19. Axiom Valuation research indicates that private debt trades at a discount to equivalent public debt by more than 5%.
  20. #in SEC's inquiry into Oppenheimer Holdings fund of PE funds misreporting NAVs as part of road show is why investors need AIRAS protection.