“When the market is down and the fund receives 20% of redemption requests from investors, you can't simply just go and sell 20% of a runway in the airport that you own. This closed-end structure gives a really good opportunity to a fund manager to manage the portfolio in a very long-term fashion”

Dania Zinurova · Equity Mates Investing Podcast · Alternatives: The investments you've never considered with Dania Zinurova | FinFest 2026

Play from 6:25
6:25

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What was described

Leverage the closed-end structure of listed investment companies to avoid forced asset sales during market downturns

20% redemption requests

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“Buy investment grade assets... Use leverage wisely... Hold for the long-term... Invest in the right structures... Manage your cash flow.”
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Michael Yardney / Metropole team
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“Having cash flow buffers. That's important because an investor who can comfortably hold through cycles is less likely to be forced to sell during a temporary downturn.”
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“We do also work with dispute avoidance panels. And again, I always remember during tender, we talk about the cost of these tools”
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Gemma Stewart
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Why it worked Share this moment

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