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KM Financial Solutions | UPDATE 1-BoE wants investors to wait longer for cash from illiquid funds
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UPDATE 1-BoE wants investors to wait longer for cash from illiquid funds

15 Dec UPDATE 1-BoE wants investors to wait longer for cash from illiquid funds

Posted at 17:55h in News by
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Investors should have to wait
longer for redemptions from funds with hard-to-sell assets like
commercial property, or be prepared to take a hit on the cash
they get back, the Bank of England said on Monday.
The BoE and the Financial Conduct Authority (FCA) published
conclusions from a review into mismatches at many funds that
promise daily redemptions even though they hold assets that are
hard to sell easi

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