Managers must navigate a difficult path between maximising exposure to attractive illiquid property and accommodating liquidity needs. Edward Fane asks whether it is worth the risk
Investors' thirst for liquidity is nothing new. In John Maynard Keynes' The General Theory of Employment, Interest and Money, he bemoans the consequences of markets organised with a view to 'so-called...
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After strategic review
As annual profits almost double
Industry Voice: One of the most serious problems with GDP is that it fails to measure the impact of economic growth on the planet's finite environmental resources. As economist Kenneth Boulding once put it: "Anyone who believes that exponential growth...