Managers Use Caution as Guide in Post-Sept. 11 Market
- ONE MINUTE WITHâ€¦ CHRIS WYLLIE, IVEAGH WEALTH FUND. // Asian Investor;Sep2010, p6
In this article, the author reflects on the liquidity issues related to investment portfolio management.
- Changes in trading help quell Y2K liquidity fears. Barreto, Susan // Pensions & Investments;12/27/1999, Vol. 27 Issue 26, p3
Reports that institutional investors are taking moderate steps to protect themselves even if changes in trading are helping to quell year 2000 liquidity fears. Freeze of trading on certain portfolios in the final days of 1999; Building up of cash reserves; Search for additional sources of...
- Optimal portfolio choice and the valuation of illiquid securities. Longstaff, FA; Longstaff, Francis A. // Review of Financial Studies;Summer2001, Vol. 14 Issue 2
Traditional models of portfolio choice assume that investors can continuously trade unlimited amounts of securities. In reality, investors face liquidity constraints. I analyze a model where investors are restricted to trading strategies that are of bounded variation. An investor facing this...
- Transparency Rules Could Hinder Fund Capacity, Moody's Warns. Reeve, Nick // AiCIO News;2015, p61
The article reports that the proposed European Markets in Financial Instruments Directive will affect fund managers due to its compliance costs, reduction of market liquidity and restriction on maximum size of investment funds based on the forecast of credit rating agency Moody's Investors Service.
- Careful What You Wish For. Tice, David W. // On Wall Street;Aug2003, Vol. 13 Issue 8, p57
Focuses on the impact of abundant liquidity as increased by the U.S. federal government on the bull market in the nation as of August 2003. Decrease in junk bond yields; Status of 122 convertible bond deals; Goal of the federal government in increasing liquidity.
- DUTCH CORPORATE LIQUIDITY MANAGEMENT: NEW EVIDENCE ON AGGREGATION. Bruinshoofd, W. Allard; Kool, Clemens J. M. // Journal of Applied Economics;Nov2004, Vol. 7 Issue 2, p195
In this paper we investigate Dutch corporate liquidity management in general, and target adjustment behaviour in particular. To this purpose, we use a simple error correction model of corporate liquidity holdings applied to firm-level data for the period 1977-1997. We confirm the existence of...
- Asset pricing and systematic liquidity risk: An empirical investigation of the Spanish stock market. Mart�nez, Miguel A.; Nieto, Bel�n; Rubio, Gonzalo; Tapia, Mikel // International Review of Economics & Finance;2005, Vol. 14 Issue 1, p81
Systematic liquidity shocks should affect the optimal behavior of agents in financial markets. Indeed, fluctuations in various measures of liquidity are significantly correlated across common stocks. Accordingly, this paper empirically analyzes whether Spanish average returns vary cross...
- LIQUIDITY PREFERENCE AND STOCK MARKET SPECULATION. Krainer, Robert E. // Journal of Financial & Quantitative Analysis;Mar1969, Vol. 4 Issue 1, p89
The article focuses on liquidity preference and stock market speculation. The goal will be to demonstrate that J.M. Keynes' theory of portfolio management has relevance in the area of common stock speculation. The authors' contend that once a speculative market is defined and an appropriate...
- Asset Choice, Liquidity Preference, and Rationality under Uncertainty. Dequech, David // Journal of Economic Issues (Association for Evolutionary Economi;Mar2000, Vol. 34 Issue 1, p159
The aim of this paper is to apply in the context of asset choice and liquidity preference some new ideas about the determination of the state of expectation and about rationality under uncertainty. More specifically, the primary objective of the paper is to clarify the influence of confidence...