Sentences with phrase «accepts illiquidity»

If this is representative of the endowment model, let me then say that the endowment model accepts illiquidity risk more than most strategies do.

Not exact matches

In making tradeoffs among competing alternatives, we have distinguished ourselves from other professional investors in several ways: our willingness to hold cash balances, sometimes substantial, awaiting opportunities; our preference for investments with a catalyst for the realization of underlying value; our willingness to accept varying degrees of illiquidity in exchange for incremental return; and our flexibility in pursuing opportunities in new areas.