WebUniversity of Southern California - Cited by 14 - Alternative Investments - Commercial Real Estate Finance - Institutional Investment WebAug 30, 2024 · Spencer Couts. University of Southern California - Sol Price School of Public Policy; USC Lusk Center of Real Estate. Date Written: November 8, 2024. Abstract. Open-end funds provide a liquidity transformation service by issuing and redeeming shares that are more liquid than their assets. However, because these assets are illiquid, managers ...
Unsmoothing Returns of Illiquid Funds - ResearchGate
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Spencer Couts USC Assistant Professor of Real Estate
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