37th After-Work Lecture: Illiquid and distressed asset markets - a practitioner's perspective
23.03.2017 17:30 - 19:00
The global financial crisis of 2007/2008, starting with the subprime mortgage market in the USA, was in essence a liquidity crisis that was magnified by excessive risk taking in the years leading up to it. The structure of the global financial system did not manage to contain this, causing contagion and distress across markets (and participants), product structures and asset classes.
Almost 10 years on, whilst the economic/market recovery has brought back stability and normality to many markets, the after-effects are still felt in a number of alternative investment disciplines.
The presentation aims to provide the audience with a current view on the state of the illiquid and distressed asset markets. From the perspective of the Swiss/FL banking and wealth management industry, we introduce the different types of illiquid and/or distressed assets, the sources of illiquidity and causes for distress, valuation aspects, price development as well as structure of the secondary market(s) for illiquid assets.
Professionals from Corporations, Banks, Asset and Investment Management Companies, Insurance Companies, Financial Advisory Services, Tax Administration, Lawyers, Trustees, Fund Managers and Financial Auditors. Graduate and undergraduate students with interest in investments and finance.
Die Universität Liechtenstein behält sich vor, bei Vorliegen wichtiger Gründe die angebotene Leistung nicht oder eine in Qualität und Preis gleichwertige Leistung zu erbringen bzw. die angegebenen Referenten durch andere zu ersetzen.