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Why Fund Managers Are Scared Of Sudden Withdrawals

TedTed
in The Bullpen
FYI: (This is a follow-up article.)

Why have markets been so alarmed over sudden withdrawals from a handful of European investment funds, like London-based H2O Asset Management? And why did their troubles lead the head of the Bank of England to warn that some funds were “built on lies”? The answer has to do with terms familiar to many in the financial world if arcane to many outsiders: “reach for yield,” “style drift” and “liquidity mismatch.”
Regards,
Ted
https://www.washingtonpost.com/business/why-fund-managers-are-scared-of-sudden-withdrawals/2019/07/10/14ea86b6-a2ef-11e9-a767-d7ab84aef3e9_story.html?utm_term=.d66a05999eb6
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