Asset management partner Paulita Pike told BoardIQ that, “the liquidity fee is not being called swing pricing, but it largely functions like swing pricing. I don’t think it’s that different, and now it’s tied to a one-size-fits-all threshold.”
Paulita explained that it’s difficult to predict what the SEC plans for the open-end proposal but that, “one could read into this action the fact that the SEC is not worried about adopting a one-size-fits-all initiative, which I think is troublesome.”
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