Alternative Investment Posts
Illiquid investments continue to constitute larger and larger portions of institutional portfolios. Including these investments magnifies several questions that purely liquid portfolios rarely have to answer.
Where should cash shortfalls be funded from? How should cash surpluses get allocated? Given a particular illiquid investment portfolio, how much can an endowment pay out to its university? Given a particular liability structure, how much illiquid investment can a CIO afford to commit to?In
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