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To day or not to day #67: Illiquid investments. Liquidity of investments in real estate limited partnerships, private equity and hedge funds are often limited and inherent in the nature of these investments. There are also investments with limited liquidity caused by exceptional market conditions. A policy on how to deal with these illiquid investments is important. By expected but especially unexpected limited liquidity of these investments, the feasibility jeopardized. Source: VBA Journaal, cover summer 2013 |