Hedge fund liquidity since the global financial crisis

Hedge fund liquidity is not just the frequency with which investors can get their money back (i.e. “redeem” from the fund) but also, fundamentally, the ability of the fund to be able to satisfy investor redemptions, when necessary. Historically, at least, investors in hedge funds have tolerated higher levels of opacity in the way hedge…

Mind iF I Don’t, too? (MiFID)

With three weeks to go until MiFID II takes effect, this article shines a light on 4 of the issues our hedge fund clients tell us are exercising them most: Research unbundling Telephone taping Transaction reporting LEIs References in this article to “MiFID II” include the MiFID II Directive (2014/65/EU), the Markets in Financial Instruments…