Open-Ended Investment Funds - Liquidity Management - Haven’t We Been Here Before?

The COVID-19 crisis has seemingly exposed failures once again in liquidity management at an asset level in certain open ended structures. At a time when the demand for liquidity is unsurprisingly high, new trends are nonetheless emerging in the open-ended space.  Jersey and Guernsey – long-perceived as closed-ended funds jurisdictions – are beginning to see an increase in instructions in respect of open-ended funds, largely due to the success and flexibility of their new private funds regimes.

In this piece, Walkers partner Jonathan Heaney – a Jersey funds lawyer and a specialist  in open-ended fund structuring – explores the impact of the crisis on liquidity, the mismatch between expectations and reality, and the prospects of further regulatory control in this area.

Click to view article


GUERNSEY
Kate StoreyPartnerT +44 (0) 1481 748 924kate.storey@walkersglobal.com
Matt SandersGroup Partner*T +44 (0) 1481 748 914matt.sanders@walkersglobal.com

JERSEY
Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com
Christopher ReedGroup Partner*T +44 (0) 1534 700 825christopher.reed@walkersglobal.com
Leanne WallserGroup Partner*T +44 (0) 1534 700 755Leanne.Wallser@walkersglobal.com