maturity

Another advance announced by the firm at its tech day should also ease concerns about its technological maturity in photon-isolation technology.

Perhaps the strangest sculptures in the show are a selection of flowing beards, symbol of maturity and wisdom, which derive from the long, lavish one the great Romanian sculptor Constantin Brancusi sported.

By comparison, the spread on corporate bonds with comparable credit quality and maturities is much narrower—4.16% median, and 4.54% high—indicating a more efficient market with fewer opportunities for bargains.

Still, the most that investors can get is regular interest payments, plus their principal back at maturity.

Stakes in private funds trade before maturity too, usually at prices below manager estimates.