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By contrast, the units or shares of closed-ended funds (such as a private equity fund) are not eligible for interim liquidity.
FORBES: The Simple Truth about Hedge Funds
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Because the fund is closed-ended (investors have to leave their capital in for ten years), it can buy art on the spot for cash at good prices and cannot be forced to sell at a loss to meet redemptions.
ECONOMIST: Buttonwood
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Google and Verizon made their announcement after the Federal Communications Commission (FCC) ended closed-door talks with service providers and internet companies to find a consensus on the principle of net neutrality.
BBC: Protesters denounce Google plan for 'two-tier internet'
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At least one commissioner didn't vote in 59 of the agency's 118 closed-door meetings in the two-year period ended Sept. 30, according to SEC documents reviewed by the Journal.
WSJ: Tangle of Ties Binds SEC's Top Ranks
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Point guard Deron Williams closed the first half with a running jumper to give the Nets a 60-35 lead, and ended the third quarter with a reverse dunk to push the lead to 27.
WSJ: Nets Earn First Postseason Win in Brooklyn
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Cilic will play seventh seed Andy Roddick in the quarterfinals after the American closed out victory over former runner-up Fernando Gonzalez of Chile in their five-setter, which ended in the early hours of the morning.
CNN: Cilic shocks fourth seed Del Potro in Melbourne