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Download INREV’s position paper on the IOSCO Consultation on Revised Recommendations for Liquidity Risk Management for CIS

INREV emphasises that liquidity management for real estate investment funds requires a tailored approach, advocating that the use of LMTs is not limited to exceptional circumstances and stressing the importance of industry-specific best practices over a one-size-fits-all regulatory framework.

INREV’s position paper on ESMA Draft RTS and Guidelines on Liquidity Management Tools for funds

Download INREV’s position paper on proposed amendments to liquidity risk management in open end funds.  

Michael O’Shea, Senior Public Policy Manager EMEA at Invesco presented the potential impacts of recent FSB and IOSCO proposals for open-end funds on real estate investment.

During the briefing, Constantin Sorlescu, INREV together with Thomas Kallenbrunnen, PGIM Real Estate, Nick Brown, M&G Real Estate, John Ravoisin, PwC and Robert White, EY discuss:

• Liquidity requirements and secondary markets
• Terms and rights of redemptions
• Transparency and disclosures regarding pricing policy

This short paper provides a summary of considerations, relevant INREV Guidelines and additional best practice around open end vehicle liquidity.

This paper concentrates on the creation of liquidity in open end fund structures, by describing best case scenarios where investors and fund managers can go on to further successful investments in follow-on or new funds.

This research grant was awarded in memory of the late Erwin Stouthamer who served on the INREV Management Board.