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FYI: My colleague John Rekenthaler recently wrote about the hazards of illiquid mutual fund investments. Long story short, mutual funds and illiquid investments are a potentially lethal combination, as funds can’t meet daily redemption requests if they can’t easily value and trade their holdings. The mousetrap breaks. Regards, Ted https://www.morningstar.com/articles/935980/is-my-fund-a-liquidity-trap.html
