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Houlihan Capital

Quality Disclosures, Transparency & Valuations Matter

Recently, Calvert Investment Management agreed to settle charges brought against them by the SEC that stemmed from the improper valuation of an illiquid bond held in numerous Calvert mutual funds from 2008 to 2011. The valuation led to overstated net asset values, which in turn caused inaccurate performance numbers and inflated asset-based fees. When Calvert […]