Sentences with phrase «by illiquidity»

is caused as much by illiquidity as it is by insolvency.

The first round of «quantitative easing», or QE, ended in April 2010 and was quickly followed by the illiquidity event in May 2010 that came to be known as the Flash Crash.

The dollar was boosted by weakness in the pound ($ 1.3770 - $ 1.3656, 4 - month low, miss on UK Manufacturing PMI) and in anticipation of a hawkish FOMC meeting statement tomorrow, and was exacerbated by the illiquidity from today's May Day Holiday.

Not exact matches

«With Harbor, we could see things like funds tokenizing LP interest for illiquid asset classes, marrying the liquidity of markets with the illiquidity of the underlying assets owned by the fund.

Economist Nouriel Roubini recently painted the picture of «a paradox» caused by «macro liquidity and market illiquidity.»

Our differentiated process is driven by long - term investment performance that rewards illiquidity.

We found that only 20 of our funds outperformed the markets by the 3 % to 5 % annually that we expect to compensate us for the fees and illiquidity we incur by investing in private rather than public equity.

There was never anything like this before in HKD or HIBOR, and it didn't happen last January, but Hong Kong banks and the city's monetary authority have been visited by extreme volatility and, yes, illiquidity.

First, in light of the illiquid state of the market in November 2008 (an illiquidity that likely would have been exacerbated by AIG's failure), it is far from certain that the underlying CDOs could have easily been liquidated, even at the discounted price of $ 4.3 billion.

So although panic selling can disrupt the order book, especially during periods of illiquidity, with the current structure «the stock market» being based off of three composite indexes, can never crash, because there will always exist a company that is not exposed to broad market fluctuations and will be performing better by fundamentals and share price.

For investors willing to risk a little more duration, illiquidity, credit exposure, or global exposure there are roughly 1500 funds monitored by Trapezoid.

Of course, some of the higher yield for commercial mortgages is linked to this illiquidity premium, but by giving up some liquidity, investors may be rewarded with significantly higher yields.

The illiquidity factor earns a premium by providing liquidity, but leaves illiquidity - tilted investors prone to liquidity shocks that could lead to high costs of exiting their positions.

By contrast, we contend that private market inefficiencies — and corresponding return premia — are driven by their relative illiquidity, unpredictable pricing, opacity, high transaction costs, and limited numbers of prospective buyers and sellerBy contrast, we contend that private market inefficiencies — and corresponding return premia — are driven by their relative illiquidity, unpredictable pricing, opacity, high transaction costs, and limited numbers of prospective buyers and sellerby their relative illiquidity, unpredictable pricing, opacity, high transaction costs, and limited numbers of prospective buyers and sellers.

Unfortunately, the same was perhaps true of the major stakeholders, albeit for a different reason — being trapped by the size of their stakes vs. the illiquidity of the shares, a potential exit price was pretty much the only relevant metric for them ultimately.

The fair value team takes into account the relevant factors and surrounding circumstances, which may include: (i) the nature and pricing history (if any) of the security; (ii) whether any dealer quotations for the security are available; (iii) possible valuation methodologies that could be used to determine the fair value of the security; (iv) the recommendation of a portfolio manager of the fund with respect to the valuation of the security; (v) whether the same or similar securities are held by other funds managed by the Adviser or other funds and the method used to price the security in those funds; (vi) the extent to which the fair value to be determined for the security will result from the use of data or formulae produced by independent third parties and (vii) the liquidity or illiquidity of the market for the security.

Also: i) $ 6 billion of investments — any volatility / illiquidity is more than offset by $ 5 billion + of unrecorded revaluation gains, ii) $ 1.4 billion of Lenovo promissory notes due in October — their balance sheet / cash flow suggest no reason to doubt this will be paid, and iii) a recently announced $ 0.8 billion for a non-controlling stake in Verily — the final tranche to be received in H2 - 2017.

Following standard practice, the authors first divide the universe into large and small stocks, and then partition the large - and small - stock subsets by factor strategy — value, momentum, low beta, quality, and illiquidity — to construct high - characteristic and low - characteristic portfolios weighted by market capitalization.

By these measures, momentum, illiquidity, and low - volatility strategies score badly, suggesting high trading costs and low capacity, while value and quality strategies tend to score well, as do low - turnover strategies such as indexing, equal - weight, and Fundamental Index ™.

Draper Associates and LawTrades are trying to tackle this issue of illiquidity by offering seed stage startups a new kind of deal: the Tradeable Automated Term Sheet, or TATS, details of which they shared exclusively with VentureBeat.

Lightning's illiquidity problem could be solved by creating large payment channels kept open and fully funded at all times, so that they were always available for payment routing.

However, for the long - term investor interested in unlocking the long - term illiquidity premium following a buy and hold strategy, the liquidity offered by a traded REIT is no benefit, for they arguably have no need for it.