And a commenter on that post notes:

"I bring your attention to the list of items on page 404 noted above,
and in particular the last item on that list, item I. In the spirit of
this article's title, that item is a rather large bomb. Specifically, a
fund must take into account, "Relationship of the asset to another
portfolio asset." In other words, the SEC wants a fund to measure
cross-asset impact on liquidity - how does liquidation of any one asset
affect cost of liquidation of other assets. Just think for a moment
about what might be required to get a reasonable handle on that. Here is
the link to the proposed rule: http://1.usa.gov/1iV1Mkf"

--
Rich Carreiro rlc-news@rlcarr.com

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