NO.PZ2024102501000002
问题如下：
Laura Powers is a senior investment analyst at Brotley University Foundation and works for the university endowment. Powers is preparing a recommendation to allocate more funds into illiquid investments for a higher potential return and is discussing the rationale with junior analyst Jasper Heard. Heard makes the following statements to Powers:
Statement 1： The endowment should shift funds into private equity and real estate. Specifically, within these asset classes, the endowment should target shorter-term investments. These investments tend to be the most illiquid and offer the highest liquidity premium.
Statement 2： The endowment should consider low liquidity public equity investments because they are shown to be close substitutes for private equity and real estate investments in terms of liquidity premium.
Determine whether Heard’s statements are correct. Justify your response.
选项：
解释：
老师可以翻译一下statement 2的问题和解释么？我没读明白
