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In this article, we speak to Jeremy Smith, Chief Strategy Officer at SecondMarket, where over 3,000 participants manage over $1 trillion, participating in the world’s largest centralized, independent marketplace and auction platform for illiquid assets from auction rate securities to private company shares, CDO’s, mortgage and asset backed securities.
http://thoughteconomics.blogspot.com/2009/07/investing-and-trading-illiquid-assets.html