#liquiditycrisis

1 min read

Redemptions & Contagion

The reason why the Money Market Fund Regulation requires funds to know their investors (Know Your Customer extends to Know Your Investor)...

1 min read

Money Market Funds are special

A drop in asset prices can snowball into a full-fledged financial crisis. This true of any asset and many market. So, what is so special...

1 min read

Be Aware of Concentration

Being aware of the nature of your investor and how concentrated the holding is among investors, is one of the implicit or explicit asks...

2 min read

Liquidity and Redemption Stress

Liquidity in normal circumstances and in stressed ones are at the core of the Money Market Fund Regulation. How much of the portfolio can...

3 min read

Investor Concentration As A Stress

Imagine having a top-end investor in one of the Funds you run. Winning that account was a dream for the salesperson that aced it. Imagine...

2 min read

The Canary in the Mine

It could be excessively high price earnings multiples. It could be increased credit spreads. It could be asset price inflation. And it...

Regulation. Simply!