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Illiquid investment funds “built on a lie”, BoE’s Carney says
Bank of England Governor Mark
Carney said investment funds that include illiquid assets but
allow investors to take out their money whenever they like were
“built on a lie” and could pose a big risk to the financial
sector. 
Carney said investment funds that include illiquid assets but
allow investors to take out their money whenever they like were
“built on a lie” and could pose a big risk to the financial
sector.
Posted by Reuters
