With a lack of liquidity as a primary driver, there is a global liquidity mis-pricing, particularly outside the U.S. market. S&P Market Intelligence "Quantamental" researchers Frank Zaho and Richard Tortoriello observed tracking trends noted regional differentials. In a March report asking the question is stock-level liquidity is alpha or risk, the duo pointed out the...
Lack of Liquidity Provides Opportunity For Value Investors
Mark Melin
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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

