(FINalternatives) Illiquid assets have grown immensely as an asset class, but the process of selling them – especially in the midst of large market dislocations – remains neither easy nor straightforward, explains Jeff Hammer and Paul Sanabria of Houlihan Lokey. The situation raises the risk of potentially debilitating asset-liability mismatches among asset management firms, and highlights the value of having the right advisor.
The Asset-Liability Mismatch for Money Managers
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