A fetish of illiquidity is driving finance History repeating itself as banks and pension funds bet more on private assets

A fetish of illiquidity is driving finance
History repeating itself as banks and pension funds bet more on private assets
As ever, Plender is excellent. Forceful, sweeping, up to minute, loads of links, great examples. A 1st class pro at work here.
ft.com/content/fb3cdd… https://t.co/hH5k7v1rUU

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