Bid Ask Spread

“And I think until we start to see a little bit more normalization of the bid ask spread at numbers, at least in the nineties, not necessarily a part, I think you'll see some headwinds in the continuation fund market in the near term.”

“When we think about, like, illiquidity or liquidity as academics, we don't think about it as, like, ability to trade or inability to trade. We think of it as costliness to trade, right? So, like, price impact or bid-ask spread, like, these are the measures we …”