Home Improvement Sales Trainee...
- Mar 31, 2010
I just run into an interesting thought. There are two small funds that got in trouble recently, Woodford and another. They ran into liquidity issues on redemptions ie: they couldn't sell assets to meet redemptions, no liquidity, no cash! ... and they are tiny. What the hell happens if a biggun gets hit hard for redemptions?!
Me thinks keeping things afloat and the system functioning in a "normal" state are the overarching objectives...at least for the moment. How long they can achieve that before the inevitable black swan arrives...who knows...