illiquids
2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Aug 5, 2021 by Jonathan Lewinsohn · across every show →
Everything said about illiquids, oldest first
Aug 5, 2021
Lewinsohn: Chasing illiquid yield in frothy markets destroys portfolio flexibility
“When markets get very frothy, illiquids become in vogue, and they end up not returning a lot. If all of a sudden you're being pitched a lot of nine percent illiquids, you maybe really want to realize that you're creating a situation where if the world changes,…”
Dec 19, 2022
Marshall: Hewlett Foundation maintains 50% illiquid assets and 5% cash buffer
“We have probably about 50% of the portfolio in illiquids. So we have about, I would say four to five percent in cash, some so that we can bridge what should be the contribution to pay out, and some so we can lean into dislocations.”