How fund buyers are keeping on top of liquidity
Three portfolio managers on the measures they are taking in the current market conditions
Liquidity
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Patience wearing thin with FCA’s snail-like progress two years on from Woodford fund suspension
City watchdog must ‘recognise its own failings in this saga and not just act as judge, jury and executioner’
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FCA needs more time to decide fate of open-ended property funds
Wants to factor in feedback to proposals for a long-term asset fund for accessing illiquid assets
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7IM freezes pair of funds with ties to defunct Guernsey bond fund
7IM Absolute Return Portfolio and Income Portfolio have hefty exposure to Xenfin Securitised Debt which has been winding down since October 2019
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Regulators to change liquidity rules for open-ended funds
BoE and FCA survey finds divergences in funds’ approaches to liquidity management
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How should the funds industry address this year’s £30bn liquidity problem?
It’s not just structurally illiquid property funds that are causing headaches
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Property funds could lose Isa eligibility as FCA mulls 180-day notice period
Investors trapped in open-ended UK property funds have paid £33m in fees during the latest bout of suspensions
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Coronavirus takes global fund suspensions to 10-year high of £50bn
UK-domiciled funds accounted for a quarter of European suspensions, according to Fitch
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Sterling high yield bond funds survive first coronavirus liquidity test but defaults loom
FCA had singled out bonds in recent concerns over liquidity mismatch in daily dealing funds
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UK property funds coy as full fees charged for chunky allocations to ‘idle’ cash
The FCA was critical about funds that were not fully invested in its paper on illiquid assets in open-ended funds
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Woodford investors lose £550m lifeline for unquoted companies
Exclusive talks over the sale of 20 companies falls through
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Investors face ‘unpalatable’ choice as BoE seeks to address fund liquidity risks
Closed-ended funds ignored as central bank worries about $30trn systemic risk
