Fund size: how big is too big?

The subject of fund size, particularly in respect of less-liquid assets, is one that has grown in prominence in recent months. Much of this is down to the Financial Services Authority focusing its spotlight on the issue. It started with the more-esoteric life settlements industry, but more recently has turned to the mainstream world of corporate bonds. It is a potential problem that is worth highlighting, even if the act of highlighting can itself cause the very problem you set out to solve. Fund size and liquidity is something we take very seriously, and always have done. For one, ge...