Fund suspensions expose mismatch in liquidity
Financial regulators demand more information from asset managers after wave of fund suspensions. According to Fitch Ratings, 109 European funds suspended redemptions in March.
Regulators across Europe demand that asset managers provide reams of new information about their ability to meet redemption orders after investors found the exit door unexpectedly slammed shut by mutual funds sold over the past 12 months, reports the Financial Times.
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