Sentences with phrase «illiquidity in»

Volatility and Illiquidity in the Underlying instrument can affect the pricing of MM CFDs.

[5] Andrew Lo et al., An Econometric Model of Serial Correlation and Illiquidity in Hedge Fund Returns, Journal of Financial Economics, 2003.

In closing, don't worry about illiquidity in the bond markets.

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.

Our investment - led process has been refined to focus on high - conviction private equity strategies with risk - return profiles that have rewarded illiquidity in the past, and where we believe that a supply and demand imbalance between the need for investment and available capital will persist in the future.

Other factors may have been a degree of illiquidity in the swap market in the face of large increases in private sector bond issuance and rising interest rates.

Any change in policy and financial conditions carries with it at least some chance of setting off instability which could snowball given the current high degree of illiquidity in many markets.

Not exact matches

In this case index funds, with their objective diversification, minimal management fees, instantaneous liquidity and flat returns over the last decade have trounced venture with its negative returns, narrow diversification, high management fees and illiquidity over the same time period.

It may be advisable to avoid investing in any investment vehicle that you don't understand, but this maxim is especially true in the case of annuities, because with the complexity comes additional expenses, tax consequences and illiquidity handcuffs.

Why I really like private investments in general, is that in exchange for the illiquidity there are opportunities that you just can not access any other way.

In an uncertain world, committing long - term capital in exchange for an illiquidity premium and a predictable return that — while not shooting out the lights — should at least be highly respectable, has a lot to be said for iIn an uncertain world, committing long - term capital in exchange for an illiquidity premium and a predictable return that — while not shooting out the lights — should at least be highly respectable, has a lot to be said for iin exchange for an illiquidity premium and a predictable return that — while not shooting out the lights — should at least be highly respectable, has a lot to be said for it.

Limited partnership investments may be speculative in nature and be subject to resale restrictions or illiquidity.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus.

9 Several notions of illiquidity contagion have been studied in the literature; see, for example, Huberman and Halka (2001) and Comerton - Forde et al (2010).

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.

The data in our report reveal that although investors in VC take on high fees, illiquidity, and risk, they rarely reap the reward of high returns.

Investments in high - yield («junk») bonds involve greater risk of price volatility, illiquidity, and default than higher - rated debt securities.

According to Jon Krieger, managing director in healthcare investment banking for Berkery Noyes, corporate borrowers have learned to borrow when they can after extended periods of illiquidity.

Investing in private placements, tokens and early stage businesses involves a high degree of risk, including illiquidity, lack of dividends, loss of investment and dilution, and those investors who can not afford to lose their entire investment should not invest.

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.

To deliver an illiquidity premium we are focused on what we believe to be best - in - class investments, giving you choice on how to access Private Equity and how involved you want to be in the investment decisions.

There are special risks associated with an investment in real estate, including the possible illiquidity of underlying properties, credit risk, interest rate fluctuations and the impact of varied economic conditions.

One approach to alleviating the illiquidity of financial vehicles like bonds and CDs is to break up your investment into multiple smaller amounts, which then go into a number of individual investments that mature one after another, in staggered fashion.

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.

We all want stability, which in financial terms means illiquidity [Editor's Note: «Illiquidity» refers to assets not easily transferred to currency, a property that can protect against» volatility» — rapid, radical swingsilliquidity [Editor's Note: «Illiquidity» refers to assets not easily transferred to currency, a property that can protect against» volatility» — rapid, radical swingsIlliquidity» refers to assets not easily transferred to currency, a property that can protect against» volatility» — rapid, radical swings in value].

Investments in foreign securities are subject to additional and more diverse risks, including but not limited to currency fluctuations, market illiquidity, and political and economic instability.

There is one more aspect to layer in here: illiquidity of equity investments.

Based on the illiquidity illustrated during these time periods traders using market orders can experience slippage, or gaping in prices that can have a material impact on your final execution price.

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.

The Manager believes this action is in the best interests of the Fund, given the illiquidity and very heavy penalty for sales in the non-Agency mortgage - backed securities markets.

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.

There should be an expected premium return for illiquid assets, or else, invest in liquid risk assets, and wait for the day where there is a return advantage to illiquidity.

In fact, opportunity risk may just be an extreme case of illiquidity risk (if the asset were fully liquid, you could switch to the better opportunity).

The fewer the shares / bonds that are available to trade, the more uncertainty exists in where the assets should trade, because of the illiquidity.

I've written at least two significant pieces on endowment investing: Alternative Investments, Illiquidity, and Endowment Management The Forever Fund Oh, toss in one more: Managing Illiquid As...

Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange - rate fluctuations, a high level of volatility and limited regulation.

There are other dimensions of unpopularity, beyond risk — including illiquidity and small - cap and value stocks, although risk is implicit in the first two of those.

Investing in private equity to benefit from the illiquidity premium and / or small cap premium is also a possibility as a means to diversify and benefit from the above stated premiums, even though this asset class has become very crowded as yields have declined significantly.

When investing in less liquid assets investors should, of course, expect to be compensated for that illiquidity through improved risk - adjusted returns.»

Illiquidity should be taken on with caution, and with more than enough compensation for the loss of flexibility in future asset allocation decisions and cash flow needs.

Momentum, illiquidity, and low beta are all in the top quintile of their respective historical valuations in both international and emerging markets.

Investments in high - yield («junk») bonds involve greater risk of price volatility, illiquidity, and default than higher - rated debt securities.

The only popular factors with negative (but insignificant) past performance are illiquidity and low beta in the developed markets, and size in the emerging markets.

You will note that he took units instead of cash for the accrued management fee in April, but he allowed himself a 15 % discount on the unit price due to «illiquidity» (he can't sell right away... but seemingly neither can we as the daily volume is quite low).

On December 10, 2007, the Fund notified the Company that conditions in the short - term credit markets had created a broad based perception of risk in non subprime asset - backed securities causing illiquidity across the market which led to extreme pricing pressure in those securities.

The spreads are in the 50 - 150 basis point region now for TLGP borrowers at 3 years, and if it were regarded to be as solid as the US Treasury, the spread would just be a small one for illiquidity.

Illiquidity begets volatile prices changes in the grid / matrix as a result.

When I think of all of the different risks that can be taken in bonds (duration, convexity, credit / equity, illiquidity, currency, etc.) they are all being taken now, and at relatively high levels.

The illiquidity and variations in lending standards tends to lead to markets that adjust slowly, and autocorrelatedly.

In fact illiquidity is the catalyst of significant wealth meltdowns seen in real estate investors who leverage aggressively when the lending freezes uIn fact illiquidity is the catalyst of significant wealth meltdowns seen in real estate investors who leverage aggressively when the lending freezes uin real estate investors who leverage aggressively when the lending freezes up.