With risk-free interest rates and risk premiums at record lows, many investors are turning to illiquid assets, such as real estate, private equity, infrastructure and timber, in search of superior returns and greater portfolio diversity. But as many analysts, investors and wealth managers are discovering, such investments bring with them a unique set of risks that cannot be measured by standard asset allocation models. Written by a dream team of globally renowned experts in the field, this book provides a clear, accessible overview of illiquid fund investments, focusing on what the main risks of these asset classes are and how to measure those risks in today's regulatory environment.
- Provides solutions for institutional investors in need of guidance in today's regulatory environment
- Offers detailed descriptions of risk measurement in illiquid asset classes, illustrated with real life case studies
- Helps you to develop reliable risk management tools while complying with the regulations designed to contain the individual and systemic risks arising from illiquid investments
- Features real-life case studies that capture an array of risk management scenarios you are likely to encounter
Keywords: Investments & Securities, illiquid assets, investing in illiquid assets, illiquid asset investment strategies, risks of illiquid asset investing, risk management, risk management models, illiquid asset risk management, measuring illiquid asset risk, managing illiquid asset risks, modeling illiquid asset risk, modelling illiquid asset risk, investing in venture capital, investing in real estate funds, measuring real estate investment risk, measuring venture capital investment risk, trading with illiquid assets, investing and trading with illiquid assets, illiquid asset portfolio strategies, illiquid asset portfolio management, illiquid asset allocation, liquid vs. illiquid asset risk