Arresting funds' slide down the liquidity curve

Hedge funds have been lauded by the markets, regulators and government committees on both sides of the Atlantic and beyond, as crucial providers of liquidity to markets when no-one else is buying - rightly so.

However, it seems from our cover article, not everyone wants them in illiquid markets. As a growing number of corporate debt issuers remove the 'Welcome' doormat when they hear the words 'hedge fund' - and indeed bolt the door closed by putting clauses in their debt issuance documents,

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