By Isla Binnie
NEW YORK, June 3 (Reuters) – Manhattan’s top federal prosecutor said on Wednesday he and his staff are asking questions about private market asset valuations, as concerns rise about opacity in those processes in private credit and private equity.
Regarding “marks and transparency of marks, we can do a better job,” U.S. Attorney for the Southern District of New York Jay Clayton told the Bloomberg Global Credit Forum.
“We can eliminate the question of whether people are marking something in book A at 100 and book B at 90,” he added. “I’m asking my people to look at that question across the marketplace.”
(Reporting by Isla Binnie)
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