Sentences with phrase «more illiquid»

Because new cryptocurrencies such as an ICO are often even more illiquid and thinly traded than say bitcoin (which itself is relatively illiquid), whales and insiders without vesting and lock - up periods can quickly move the market up and down due to the large amounts of coin holdings they have.

Once again, the discount / premium is usually lower for actively traded ETF's than it is for more illiquid issues.

I dealt in more illiquid bonds than most managers would.

The bulk of the opportunities remain in undervalued, smaller, more illiquid situations that often represent average or slightly above - average businesses — these stocks, having largely missed out on the speculative ride up, have nevertheless frequently been pushed down to absurd levels owing to their illiquidity during a general market panic.

Or else why the hell would anybody change their fungible safe dollars for a more illiquid and risky asset?

Because of potential buyers» inability to obtain financing due to the credit crunch, FRT may see its assets become more and more illiquid - a lack of lending creates a lack of able buyers, which makes it more difficult for FRT to sell its properties.

While there's not a huge amount to be gained in holding 99 shares, like the above, it does highlight the inefficiency around many of these smaller, more illiquid stocks.

Unlike stocks, mutual funds, and bonds, private equity funds usually invest in more illiquid assets, i.e. companies.

Similar to Versus Capital, many other interval funds offer sales and redemptions on a quarterly basis, making it much more illiquid when compared to open - ended funds that allow sales and redemptions on a daily basis.

Over time, this suggests rising bid - ask spreads relative to past levels for more illiquid assets, such as corporate bonds, to help market - makers cover their operating costs.

Offering periodic redemptions rather than daily redemptions gives the fund the opportunity to invest in assets that may be considered more illiquid in nature and higher risk, and therefore more suitable to long - term investors.

An investment in a limited partner interest in a private equity fund is more illiquid and the returns on such investment may be more volatile than an investment in securities for which there is a more active and transparent market.

We trade all fixed income assets, with a focus on more illiquid situations, from high yield, distressed and investment grade bonds and convertible bonds to public and private corporate securities and leveraged loans.

The asymmetry of prospective rate moves in different parts of the curve with short rates at the zero lower bound, explicit forward guidance about future policy decisions and massive asset purchase programs may result in a higher likelihood of one - sided markets, which may in turn impair liquidity, or at least lead one to conclude from liquidity indicators that markets have become more illiquid.

Not exact matches

Property is also illiquid, calls for regular mortgage payments, and allows you no more diversification.

«A stress test that claims that if the Dow falls by 60 %, the unemployment rate rises to 12 %, housing prices decline substantially more than they did during the 2008 recession, GDP declines by 6 - 7 % — and that all of that can happen and no bank will be in serious financial trouble or have any problem of being undercapitalized or illiquid — I kind of think says more about itself than it says about the health of the banking system.»

Facing conditions that are perceived to be unstable and illiquid, investors search for markets that are more stable and liquid in which to invest in order to protect against risk [23].

Over time, there may be a benefit in exploring other arrangements that are more conducive to investments in illiquid assets.

The proposal could also lead to early director departures, as directors seek to convert illiquid shares and options into more liquid assets (after the one - to two - year waiting period).

Larger investors face more obstacles, as the Philippine market is rather illiquid and block trades can move underlying prices.

Privately placed, restricted (Rule 144A) securities may be more difficult to sell and value than publicly traded securities, thus they may be potentially illiquid.

I think illiquid stocks sometimes take a little longer to react to news that is more quickly priced into liquid stocks.

As a result, those that make markets, or buy and sell stocks tend to be more cautious in setting prices to buy and sell illiquid securities because of the difficulty of trading, and the problem of moving the market away from you with a large order.

Of course, if not only the option but also the underlying is illiquid, this all gets even more difficult.

That is, acting on the fact that larger, well - known companies were recently trading at steep discounts to historical prices, portfolio managers dumped their illiquid, ignominious stocks and rushed into these more popular but depressed stocks.

Upgrading means investors dump their illiquid / ignominious stocks in favor of more well known companies that are trading at a discount.

As a result, those that make markets, or buy and sell stocks tend to be more cautious in setting prices to buy and sell illiquid securities because of the difficulty of trading, and the problem of moving the market away from you with a large order.

Remember, management teams usually know more than the average analyst when it comes to knowing the true value of cash that can be generated from illiquid assets.

You then follow it up with a tiny, illiquid company that does not even trade, attacks against other posters, pointless rambling about how many people visitied your house, and more nonsense about how the company is now overvalued and further disproves EMH.

Add in one more factor, and you can see why the market is so illiquid — the buy side of the market is more concentrated than in prior years, with big buyers like PIMCO, Blackrock, Metlife, Prudential, etc. being a larger portion of the market.

It's hard to tell which of those are more important, but this is another reason why I continue to talk about illiquid investments, and why most people should avoid them.

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...

with regards to Australian Fund now ASX listed, is the ability to be discreet with small cap illiquid investments now more time limited?

The impact I am more concerned with is in the concentration of assets into less and less differentiated products and the fact that ETFs have become a liquidity provider (when flows are positive) in areas of the market that are illiquid.

«The ETF can't be more liquid than the underlying, and we know the underlying can become highly illiquid.»

LTCM bought the higher - yielding illiquid assets, and hedged them with more - liquid liabilities.

Illiquid assets that are similar to a liquid asset usually yield more, because the cost of trading is much higher, and the possibility of being trapped is higher also.

The rules have come in the wake of changes in the mutual fund industry, as funds have now moved beyond the mere pooling of stocks and bonds into riskier and more complex categories such as alternative and illiquid investments and leveraged funds.

But that gain was more than offset by the lesser benefit from excluding the most illiquid stocks.

While illiquid bonds had slightly higher credit spreads and directionally higher average returns, portfolios that tilt toward (away from) less (more) liquid bonds exhibit considerably higher levels of volatility.

Similar to the 15 % guideline that funds were already abiding by, the rule also states that a fund can not have more than 15 % of its NAV invested in illiquid investments.

More often than not, financial firms with a bunch of illiquid level 3 assets act as if they eating elephants.

It started even more analytically illiquid and complex when initially invested in Reading's three micro-cap predecessor companies, Craig Corp., Reading Entertainment and Citadel Holdings.

Generally fund managers shy away or simply can't invest in liquidations as 1) the company falls outside their defined investment universe, or 2) the shares are too illiquid (especially if the company delists), or 3) the timeframe is too unclear (often liquidations take 3 years or more), or the market cap becomes too small, etc..

That's not where transactions would necessarily take place... particularly with illiquid securities, what would matter most is who was more incented to make the trade happen — the buyer or the seller.

But now it appears to me that the Board's thinking was much more Machiavellian; It seems to me that they believe they have greater leverage with the hedge funds (yes, those who dumped their common shares in 2013 but were unable to dispose of their GSD shares and Dividend Notes because these latter two are illiquid).

I have found the process of finding net - nets more intellectually stimulating than profitable because I often find that obtaining a position is an exercise in frustration given the illiquid nature of the typical net - net.

Dr. Wade Pfau's new book, Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement explains how, when used correctly, reverse mortgages can provide an added layer of security for retirees and allow them to enjoy retirement more by gaining liquidity from an illiquid asset.

We assume illiquid and unlisted stocks are more likely to be mispriced.

There is nothing wrong in accepting a loss for a trade that goes against you for a stock that is more promising, but firstly your normal advocacy is to buy more of a falling stock, and secondly your investment plan should keep you out of illiquid stocks.