What GPs Need to Know: Managing Open-Ended Funds
Open-ended fund structures demand operational infrastructure that can keep pace. From continuous capital flows to navigating FX exposures and liquidity, with perpetual capital comes perpetual complexity.
Key learnings
Continuous subscription and redemption activity creates dynamic, unpredictable shifts in hedge exposure that require active, ongoing rebalancing.
Bank credit appetite is structurally lower for open-ended funds. Expect a narrower counterparty pool and pressure toward shorter-dated hedge tenors.
Liquidity reserves, historic rate rollovers, facility draws, and hedge product selection must be carefully orchestrated.
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Get the full framework for managing fund-level FX risk in open-ended structures. Designed for GPs, portfolio managers and risk officers navigating new operational complexities while safeguarding returns.