The Editor 

Illiquid lunch

John Hughman

Illiquid lunch

The Neil Woodford saga has shone a light on many unsavoury attributes of the investment industry, but offered useful lessons, too. One of the most valuable is the importance of liquidity, to the extent that it has become perhaps the dominating concern of professional fund buyers and regulators alike. It is something private investors should always pay similar attention to, especially those with a shorter investment horizon that may need cash sooner rather than later. 

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