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...Many sellers had little choice but to accept lower prices as they were keen to get rid of illiquid assets....
...Mazars also flagged that it was “unable to obtain sufficient appropriate audit evidence” around £80mn of illiquid securities held on H2O’s balance sheet, while stating that uncertainty around litigation...
...Valuation processes for illiquid assets held by the insurers should be subject to “intrusive” reviews by regulators, they added....
...Regulators around the world are putting increasing scrutiny on a shift in the investment strategies of life insurers to target more privately traded, illiquid assets, and in reinsurance structures that shift...
...Finally, the illusory liquidity of the ETFs had collided with the harsh reality of the illiquid assets they held!...
...H2O said the roughly €70mn would be paid in the “coming weeks” to investors that had had their money frozen in funds set up to house the illiquid securities....
...Documents published as part of the Autumn Statement showed chancellor Jeremy Hunt would expand the current Isa regime to include long-term asset funds (LTAFs), a type of open-ended fund invested in illiquid...
...The court case marks the first major litigation relating to the illiquid asset scandal....
...Jordan joined the SNB in 1997 and oversaw the creation of a fund to take over illiquid assets from UBS during the fallout of the financial crisis....
...Funds replete with illiquid assets could delay redemptions, or charge additional fees to reflect any extra exit costs. None of this is foolproof....
...The move attracted concerns that the fund had become overweight with illiquid assets, which are not easily traded....
...The shift in ownership, he said, had brought with it greater allocations to illiquid assets and increased use of reinsurance deals that see assets moved offshore....
...Untold resources would have to be devoted to creating systems for Americans to appraise their illiquid assets and for the Internal Revenue Service to then defend those assessments....
...He added that the entity was reducing its holdings of illiquid assets “even though . . . we have done absolutely nothing wrong”....
...Elite private colleges have for the past 25 years followed the “Yale model” by ploughing big dollars into illiquid alternative investments, to great success (Golden had come from Yale)....
...Retail investors may not fully understand the investment risks or the restrictions on redemptions from an illiquid asset class....
...It also comes as giant funds have tied up a larger share of their assets in illiquid investments such as private equity....
...The strategy has risen in prominence as these giant funds have tied up a larger and larger share of their assets in illiquid investments such as private equity, infrastructure and real estate....
...It managed to find profitable investments — often multi-decade, illiquid ones — to pay for the annuity guarantees made to DB schemes....
...Bigger pots of money could benefit pension savers and encourage investment in illiquid assets — which can be higher risk, higher cost but potentially offer higher returns....
...Documents published on Wednesday included proposals to alter rules to enable Isa savers to invest in long-term asset funds, a type of open-ended fund invested in illiquid assets including private equity...
...“They are quite concerned that if they do go ahead with illiquids, and they are one of the first movers, then they could potentially not win business.”...
...This typically involves offloading illiquid assets that the insurer will not accept as part of the deal....
...But the structuring efforts required to make illiquid strategies suitable for the little guy should give all those involved pause for thought....
...This is most visible in the host of new vehicles that provide highly liquid access to inherently illiquid investments....
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