Word: fundã
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...underlying securities that make up a fund??s portfolio are often illiquid—or not easily convertible to cash—such as securities that trade on foreign markets...
...result, closed-end funds often have a share price below the value of the fund??s assets per share...
...fund liquidates its assets, investors obtain the actual value of a fund??s investments—minus the cost of liquidation—rather than the price quoted on the stock market...
...example, if Harvard sold all of its Korea Equity Fund shares on the New York Stock Exchange on July 31, it would have netted $18.6 million. But the net value of the fund??s assets per share was slightly higher, so liquidating the fund on that date would conceivably have generated $19.7 million before costs, based on unaudited numbers from the website of Nomura Asset Management, which manages the fund...
Harvard’s filing blasted Nomura as “ineffectual and self-serving” and contended that the fund??s performance was lackluster...