Additionally, they may have specialist traders who handle illiquid securities.

Mini-tenders often provide a market for investors to sell illiquid securities.

They may also do the same with illiquid securities, such as real estate and venture capital.

Back then, fund managers got into trouble by buying illiquid or highly risky securities.

Side pockets allowed fund managers to lay away illiquid securities until market liquidity improved, a move that reduced losses.

Many such relatively illiquid securities are valued as marked to model, rather than an actual market price.

As such, it can help identify the presence of illiquid securities where they are not expected.

The common thread running through these funds is relatively illiquid derivative securities that lost value when interest rates zipped upward.

Like that of any illiquid security, prices will fluctuate sharply, especially since there are so few comparable trades.

First, they help provide access to funds for those entities with illiquid mortgage-backed securities.