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Today New City Initiative is comprised of 43 leading independent asset management firms from the UK and the Continent, managing approximately £500 billion and employing several thousand people.

Displaying items for Jan 2020

Liquidity - The biggest issue for 2020

Liquidity - The biggest issue for 2020

Liquidity As returns on traditional investments declined, a handful of fund managers sought out illiquidity premiums by accumulating exposures to hard to sell assets.  While such an investment approach can be justifiable under some circumstances, it can be quite risky as a number of retail and institutional clients discovered to their misfortune in 2019, many of whom remain trapped in funds which were originally sold to them as being daily dealing.The Woodford Equity Income Fund – for obvious reasons – was the best documented example of investors being left unable to access their capital after it was revealed that a…

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