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Domain · Frameworks

Walk me through how you'd manage liquidity in an open-end fund facing large redemptions, and what tools — cash buffers, lines of credit, swing pricing, redemption gates — are actually available.

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The core tension in an open-end fund is the liquidity mismatch: shareholders can redeem daily, but the underlying assets — high-yield bonds, bank loans, small-caps — may take days to sell without moving the price.

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