The Perils of Forcing a Sale of Illiquid Assets – DealB%k
October 1, 2015 \
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The pension fund estimated it was owed $500 million and Mr. Weinstein had less than two months to refund the money. Mr Weinstein pleaded with the fund to allow him to pay it back in installments over several quarters, arguing that it would be difficult to get top dollar for some of the most illiquid assets – like corporate bonds. FULL ARTICLE
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5 Comments on "The Perils of Forcing a Sale of Illiquid Assets – DealB%k"
THE ONLY BUYER! Oh boy.
Bottom line, there is a price of immediacy and yes, that price will vary. What thinks you?
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