The esteemed mutual fund critique Chuck Jaffe has directed his pen to the subject of fund prices, and whether they are more than a little off, in MarketWatch.

He writes that "one of the dirty little secrets of the investment industry is that on any given day, there’s a good chance that your mutual fund is mispriced."

To make his point, he cites a survey of fund directors just released by accounting firm Deloitte on the subject “fair-value pricing.” The survey, Jaffe writes, shows that three-quarters of fund firms changed their procedures and processes for fair-value pricing of underlying investments. 

Edited by: Tommy Fernandez


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