traditional assets definition
traditional assets means public equities, core and global fixed income and fixed income plus asset classes. These asset classes tend to have a ready liquidity and trade with great frequency and at high volumes on organized exchanges and through qualified markets. The inclusion as a traditional asset category is determined by the PERA Board and received as part of the Investment Policy Statement (“IPS”). By definition, the traditional asset category specifically excludes private equity, absolute return, real estate and real assets.
traditional assets means those assets held by the ABCP Conduits in non-synthetic securitization structures such as trade receivables, credit card receivables, RMBS and CMBS and investments in CDOs entered into by third-parties.