Basic financial theory suggests that an illiquid investment
that is expected to pay regular dividends or distributions is worth more than an otherwise identical investment That has no expected distributions.
Further, a taxpayer who invests funds in speculative or illiquid assets has not exercised ordinary business care and prudence in providing for the payment of his tax liability unless, at the time of the investment, the remainder of the taxpayer's assets and estimated income will be sufficient to pay his tax or it can be reasonably foreseen that the speculative or illiquid investment
made by the taxpayer can be used (by sale or as security for a loan) to realize sufficient funds to satisfy the tax liability.
In a brief interview with CNBC following the SEC meeting, White said fund holdings in illiquid investment
would be capped at 15% of the portfolio, and while she said the SEC would provide "guidance" as to what holdings could be considered illiquid, the funds themselves would make the final determination.
Additionally, KIC funds part of its illiquid investment
portfolio with short-term deposits sourced from only a handful of names, including KIA and other cash-rich government-related entities.
A substantial portion of Islamic investment has been in real estate, an illiquid investment
that has witnessed a considerable decline and in which investors have got stuck.
"But retail investors should realise that chasing a higher yield by investing in these products could mean winding up with an expensive, risky, complex and illiquid investment
I believe that blockchain will be a part of commercial real estate investing, turning an illiquid investment
into a more liquid investment," Steen said.
This is an illiquid investment
that requires a long-term financial commitment.
The firm manages private investment funds across the credit, special situations and illiquid investment
markets of North America and Europe using an active long and short basis, with particular focus on defaulted and leveraged issuers.
"That has changed in favour of more illiquid investment
ideas, typically private equity, real estate, in terms of farmland or commercial real estate.
'Jim has worked with multiple liquid and illiquid investment
strategies and structures and brings added strength and breadth to our finance and administration team.