Research and publications
The Benefits and Costs of Illiquidity
This article discusses how to explicitly take into consideration the illiquid nature of alternative investments, particularly including hedge funds. It specifically examines the benefits and costs of illiquidity along with proposed quantitative adjustments that enable one to compare illiquid investments on a level playing field with liquid investments.
Author(s):
Hilary Till
Summary:
This article discusses how to explicitly take into consideration the illiquid nature of alternative investments, particularly including hedge funds. It specifically examines the benefits and costs of illiquidity along with proposed quantitative adjustments that enable one to compare illiquid investments on a level playing field with liquid investments.
Register to download PDF
Register/Log in| Type : | Working paper |
|---|---|
| Date : | 01/10/2004 |
| Keywords : |
Alternative Investments |
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
