VALUATION & MODELING
The complexity of valuation varies significantly depending on the type of financial instrument.
For listed assets, the high frequency of valuation requires access to reliable, high-quality market data feeds.
Conversely, for unlisted assets, the lack of observable data requires the use of specific models and parameters to bridge information gaps and ensure robust valuation outcomes.
The valuation framework must be implemented, assessed, and periodically reviewed in light of the investment strategies in place, while also taking into account the full range of applicable regulatory and industry standards.
Athanase Consulting provides support in:
- Designing and implementing an end-to-end valuation framework
- Performing diagnostic reviews of existing valuation framework
- Defining functional objectives and incorporating all regulatory and operational constraints affecting the valuation process
- Assessing the effectiveness and governance of the framework through key performance and control indicators
- Reviewing the Target Operating Model (TOM) and clarifying the roles and responsibilities of all functions involved in the valuation process
Listed instruments generally benefit from multiple market data sources. However, these sources can vary significantly in terms of observation frequency and data quality.
For derivative instruments, the choice of valuation model is driven by its ability to capture all relevant risk factors associated with the instrument.
Athanase Consulting provides support in:
- Selection and review of pricing sources for listed instruments
- Design or review of valuation models used for official pricing
- Selection and onboarding of market data providers
- Independent valuation of financial instruments
The valuation of private / unlisted assets is inherently complex.
It relies on methodologies that, while rigorous, often depend on parameters that are only partially observable.
It is therefore essential not to focus solely on a single valuation figure, but rather to understand the uncertainty range that surrounds it.
Athanase Consulting provides support in:
- Periodic valuation of private / unlisted assets
- Critical review and analysis of official valuations, with particular attention to confidence intervals and valuation assumptions
- Selection and onboarding of market data providers
- Independent valuation of private / unlisted assets
Independent Valuation – AIFM
Athanase Consulting provides asset managers with an outsourced Independent Valuation function, fully compliant with the regulatory requirements set out under the AIFM Directive.
Our offering ensures:
- Access to high-quality market data through our partner LSEG (Refinitiv)
- Valuation methodologies and procedures aligned with market best practices
- An experienced team with strong technical expertise across asset classes
- Proven experience in documenting analytical and quantitative work, ensuring readiness for both internal and external reviews
- Professional guarantees meeting all applicable regulatory standards