Mike Newell, DLA Piper

From a legal point of view people arm the fund with instruments like side pockets and suspension funds so they can manage the market turmoil if illiquidity comes.Investors are scared when they hear of these instruments being used. Their use sends a signal that people should get out of these funds. Managers are reluctant to use them because they want to create as much liquidity as possible.

Once you have a gate, a redemption request or a suspension, a message is sent to the market that there are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here