$2.5 Billion Credit Fund Gates Investors To "Avoid Fireselling Assets"
Mar 31st 2020 10:45am EDT
$2.5 Billion Credit Fund Gates Investors To “Avoid Fireselling Assets” Until recently, funds that imposed redemption “gates” on their investors were those who had suffered a substantial mismatch between the illiquidity of their investments and the liquidity preference of their investors (which tends to be instantaneous), usually as a result of some exogenous event such […]
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