Mastering Illiquidity: Risk management for portfolios of limited partnership funds

"Very useful, but a bit disparate" according to Cyril. One of the very few books covering the topic of illiquidity in private markets, and trying to offer a few solutions. The content is of high quality, rigorous and of interest. The only criticism is that there is a weak connection between the different chapters: non only there is the impression that the book might not be exhaustive and cover all the issues at stake, but the authors give the impression that they wrote independently their chapters, did not necessarily read what the others wrote, and thus the overall book lacks co. Julio Guzman said Interesting, innovative and professional. An interesting view of Risk management for Portfolios of LPs. It introduces and discusses interesting concepts related to liquidity assets.

Christian is a member of the EVCA’s ‘Risk Measurement Guidelines’ working group, co-chairman of the ‘Technical Working Group on Solvency II & IORP’ and lecturer at the CIPEI course held by the Oxford Said Business School. He is the chairman of EVCA’s ‘Risk Measurement Guidelines’ working group. Christian advised som

Mastering Illiquidity fills a critical gap by providing a detailed guide for investment professionals to measure and harvest illiquidity premiums methodically while avoiding the numerous performance measurement traps private equity and similar asset classes can bring about. Stanton Associate Professor of Business, Columbia Business School“Illiquid assets are important drivers of portfolio performance, which do not fit the standard management frameworks for liquid assets. This book is an outstanding contribution towards this goal and, as such, an invaluable gift to the asset management industry.” —Ludovic Phalippou, Lecturer in Finance (Fellow of Queen’s college), University of Oxford, Said Business

But as many analysts, investors and wealth managers are discovering, such investments bring with them a unique set of risks that cannot be measured by standard asset allocation models. Written by a dream team of globally renowned experts in the field, this book provides a clear, accessible overview of illiquid fund investments, focusing on what the main risks of these asset classes are and how to measure those risks in today's regulatory environment.Provides solutions for institutional investors in need of guidance in today's regulatory environmentOffers detailed descriptions of ri