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In fiscal 2009, 51 percent of endowment money was in alternative investments, which tend to be less liquid, compared with 46 percent the previous year.
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Inflation-linked bonds are less liquid than their nominal cousins.
Property, which a lot of Russians do have in London, is less liquid.
Under his plan, contracts that were less liquid could still be subject to at least two.
The consequences in a downturn, when markets are less liquid anyway, could be severe.
That is partly because markets are less liquid and less competitive since the collapse of Lehman Brothers last September.
Futures contracts are less liquid than gold or oil, making them potentially hard to exit.
When markets are less liquid, assets stay on the balance-sheets for longer.
However, PCY is less liquid than EMB and thus trades at a greater premium to NAV.
Those are less liquid investments.
Today there is less to read compared with two years ago.
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