Academic Readings Explained

In our series “Academic Readings Explained”, we identify interesting academic papers from the literature, relevant to investing and portfolio construction and create a concise summary of them, so that our users can get the most out of the articles in just a 10' read.

Level of sophistication: Intermediate, Advanced.

Liquidity When You Need it - How Much is it Worth?

A review of: "The Value of Liquidity from the Hedge Fund Portfolio Manager’s Perspective" by Martin Gagnon, Pierre Laroche, and Bruno Rémillard - The Journal of Alternative Investments, Spring 2011

May 06, 2020

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