liquidate

When the trust closed in 2020, the assets were liquidated and about £25m was divided among the remaining 172 members - known as listed beneficiaries - in the form of relief of need, or return of capital.

Overall, it was “dying slowly enough that infrastructure retained economic value, but quickly enough that markets priced assets for liquidating.”

Some traders with large leveraged positions in crypto derivatives, such as perpetual futures, saw their holdings liquidated as exchanges scrambled to remain within risk limits.

Related: My husband liquidated his IRA without my knowledge prior to our divorce.

Of the losses, Ackman now says, “That would have been the end, but no f—king way was I going to let them liquidate me.”