illiquid markets
3 statements across 2 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Sep 9, 2023 by Ted Seides · across every show →
Everything said about illiquid markets, oldest first
Sep 9, 2023 bearish
Swensen: Private Equity Fee Burden Almost Guarantees Disappointing Returns
“He said, while illiquid markets provide a much greater range of mispriced assets, private investors fare little better than their marketable security counterparts, as the extraordinary fee burden typical of private equity funds almost guarantees delivery of di…”
Sep 9, 2023 bearish
Dec 11, 2023
Page: Liquid credit markets dislocate first before illiquid markets yield motivated sellers
“The biggest dislocations can often happen earlier, and you're going to be all in on your liquid strategies while you wait for the illiquid markets to turn into motivated sellers that ultimately allow you to shift the portfolio to more illiquid strategies.”