Optimizing a Portfolio of Liquid and Illiquid Assets

2016 ◽  
pp. 151-175
Author(s):  
John M. Mulvey ◽  
Woo Chang Kim ◽  
Changle Lin
Keyword(s):  
Illiquid Assets

Illiquid Assets

2014 ◽  
pp. 410-441
Author(s):  
Andrew Ang
Keyword(s):  
Illiquid Assets

scholarly journals Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income Risk

Econometrica ◽  
2019 ◽  
Vol 87 (1) ◽  
pp. 255-290 ◽  
Author(s):  
Christian Bayer ◽  
Ralph Luetticke ◽  
Lien Pham-Dao ◽  
Volker Tjaden
Keyword(s):  
Household Income ◽  
Precautionary Savings ◽  
Income Risk ◽  
Illiquid Assets

Integrating Illiquid Assets into the Portfolio Decision Process

2011 ◽  
Vol 39 (2) ◽  
pp. 277-311 ◽  
Author(s):  
Paul M Anglin ◽  
Yanmin Gao
Keyword(s):  
Decision Process ◽  
Portfolio Decision ◽  
Illiquid Assets

FCA discussion paper on open-ended funds and illiquidity

2017 ◽  
Vol 18 (4) ◽  
pp. 67-71 ◽  
Author(s):  
Panos Katsambas ◽  
Chu Ting Ng
Keyword(s):  
Design Methodology ◽  
Discussion Paper ◽  
Management Tools ◽  
Investment Funds ◽  
Liquidity Management ◽  
Secondary Markets ◽  
Content Type ◽  
Retail Investors ◽  
The Uk ◽  
Illiquid Assets

Purpose To explore the issues and questions put forward for consideration by stakeholders by the UK Financial Conduct Authority (FCA) in its discussion paper dated February 2017 – the purpose of which was to gather stakeholders’ views on illiquid assets and open-ended investment funds and seek to provide a basis for debate by setting out several policies for FCA intervention. Design/methodology/approach Explains and discusses the potential consequences of each issue and question put forward by the FCA, including definitions of illiquid assets, liquidity management tools, treatment of professional and retail investors, portfolio restrictions and liquidity buffers, valuation of illiquid assets, direct intervention by the FCA, enhanced disclosure, and secondary markets for illiquid assets. Findings What was found in the course of the work? The decision to suspend redemptions by these large property funds has brought to the forefront the key question of whether real estate or other illiquid assets are appropriate for open-ended funds. Many questions and considerations remain as to what impact the FCA’s proposed changes could have on the industry. The FCA consultation closed on 8 May 2017 and the results could determine new and adapted rules. Originality/value Practical guidance from experienced funds lawyers.

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