Muthiah avoids illiquid Chinese investments due to an unproven illiquidity premium
Muthu Muthiah · Muthu Muthiah - Inefficiency and Innovation at CHOA (EP. 339) · Sep 18, 2023 · at 33:40
Muthu Muthiah, CIO of Children's Healthcare of Atlanta, explains CHOA's risk mitigation strategy amid US-China geopolitical tensions.
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“We think about it a lot, and where it's come out for us is that we've gotten a lot more liquid in China, so we've not really spent a lot of time on illiquid investments. We're not quite sure the illiquidity premium is there for all the risks that we're bearing, but we're still confident that there's equity premium in the market, so we've just gotten a lot more liquid.”
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