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In response to
"H..Wha.....HOW -- nm"
by
ty97
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Math is hard, basically. -- (edited)
Posted by
znufrii
Jan 28 '21, 07:03
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If they can’t determine prices of their fund holdings by a certain time, they can’t strike the NAV. Which also impacts their trade processing for anyone who placed orders yesterday. Could be due to an issue with one of their pricing vendors, or needing to fair value a holding where prices aren’t readily available and they didn’t get it done in time. Could also be a software issue if their accounting systems went down for some reason.
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