Fund managers under pressure to shore up liquidity as wave of redemptions persists
Jitters around cost-of-living crisis and global instability have seen investors pull £4.6bn from UK funds in June and July
Liquidity
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7IM coughs up £4m to compensate for losses in dual fund wind-up
£33m 7IM Absolute Return Portfolio and £20m Income Portfolio had hefty exposure to defunct Guernsey bond fund
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Ben Goss on risk: Finding the liquidity balance
How can advisers help clients understand the level of liquidity they require and manage liquidity risk across the overall portfolio?
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Industry wary over government call for ‘big bang’ investment in UK assets
‘Just because the prime minister and chancellor click their fingers, pension investors will not necessarily flock to illiquid UK investments’
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How fund buyers are keeping on top of liquidity
Three portfolio managers on the measures they are taking in the current market conditions
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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