Charlie Maxwell, co-chairman and co-founder at Cresset, is looking to cover wealthy clients’ income needs while increasing ...

Highlights,Illiquidity limits a firm's ability to meet financial obligations.,Thinly traded investments are hard to convert into cash.,High transaction costs and wide bid-ask spreads impact liquidity.

The private credit market has seen significant growth in response to regulatory shifts, pursuit of yield and increased ...

“Illiquidity on a core menu never would be suggested by our team or most plan advisers.” That’s why Stanley said he doesn’t see alts really gaining momentum in the DC space as a separate ...

Lerner, Josh, and Antoinette Schoar. "The Illiquidity Puzzle: Theory and Evidence from Private Equity." Journal of Financial Economics 72, no. 1 (April 2004): 3–40.

Two major risks that corporate bondholders incur are default risk and illiquidity risk. Although U.S. Treasury bonds are sometimes described as “risk-free” that is not truly an accurate ...

Charlie Maxwell planned to go to law school right after college, but a bout of mononucleosis put that plan on hold, and he decided to try his hand in finance, going to work with Cigna in Tampa ...