Seeking Alpha ETFs & Portfolio Strategy stocks

The Hunt For Illiquidity

Felix Salmon — Fri, 25 May 2012 19:19:16 -0400

By Felix Salmon:

When I spoke to Kauffman’s Diane Mulcahy, the main subject of conversation was her fabulous report on how investing in venture capital is broken. And I wondered whether investors’ consistent desire to throw money at the asset class, even after 15 years of consistent underperformance, was attributable to some kind of weird nostalgia for the 1990s, when the dot-com bubble briefly made a handful of VC investors very wealthy.

But there’s something else going on here, too, I think, surrounding the whole concept of illiquidity. It’s clearly a bad and undesirable thing, in any investment, and it only takes a glance at the market for say Treasury bonds to understand that highly-liquid assets trade at a premium. In theory, then, the converse should be true as well: highly-illiquid assets should trade at a significant discount. And so long-term investors like the Kauffman foundation, who can afford to sit out market

Seeking Alpha ETFs & Portfolio Strategy stocks

The Hunt For Illiquidity

Staying Committed To Europe - Even If It Is In Cash

Why You Need A Preferred Stock ETF

5 ETF Ideas For A Market Rebound

Beat The Market With Sector Rotation

iShares Plans LatAm Bond Fund, First Trust Files For Futures ETF

3 Industrial ETFs Outperforming XLI

Best ETFs For Equal-Weighted Strategies

Obamacare's Impact On Healthcare Select Sector ETF

Emerging Market Bond ETFs That Hedge Currency Risks

China: Crashing Economic Data Creates Great Investment Opportunity

Friday's ETF Chart To Watch: SPDR S&P Retail ETF

Colombia: Poised To Reach Its Economic Potential

AAII Investor Update: Stocks Are Pricey, But Inexpensive

Moderate Risk Investors May Prefer A Conservative ETF Portfolio

Redemption And Reality In High-Yield ETFs

ADX Vs. GUT: Fundamental Analysis Isn't Ideal For CEF Share Price Valuation

Top 10 U.S. Real Estate ETFs

ProShares Lists Covered Bond ETF

Safe-Haven Currency ETFs Shine In Euro Crisis