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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


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...
1 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...
2 min read


Constants are not the Truth; and Hedge Funds.
Constant NAVs were fine. Except for what lay beneath. Regulators cannot be happy with a lack of transparency anywhere in the financial...
2 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...
3 min read
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