Chief Investment Strategist & Head of Research, Tristan Capital Partners
Simon Martin
“The shift to institutional liquidity provision represents a tectonic shift in the way in which capital markets function and opens up a range of different challenges and opportunities for private markets investors... it is shifting the way in which our clients allocate their capital in real time and we need to adapt even more rapidly as the landscape changes to make sure we continue to serve their evolving needs as they seek to build portfolios for the challenges of tomorrow.”
Head of Multi-Asset Solutions & Head of Digital Asset Solutions, New York Life Investment Management
Tom Sy
“Tokenization may be one of the most significant structural shifts in financial services in my career. The full range of market infrastructure may look different over the coming years, from the way assets move through the system, the way ownership is recorded and transferred, to the way markets are accessed. But however transformative, digital plumbing is just that: plumbing. Market structures, liquidity expectations and provisions, and investor trust will all need to evolve along with technology.”
PhD, Chief Economist, Candriam
Florence Pisani
“The 2008 global financial crisis is a stark reminder of liquidity’s vital role: when combined with excessive risk-taking, a sudden liquidity freeze can threaten the stability of the entire financial system. In today’s environment of geopolitical uncertainty and persistent fiscal deficits in some European countries, abrupt market repricing could expose funding vulnerabilities and force leveraged investors to sell assets. Credible medium-term deficit-reduction plans, alongside central bank readiness to address – within its mandate – market dysfunction, are essential to containing these risks.”
Deputy Head of Economic Research, Candriam
Emile Gagna
Head of Evergreen Private Equity, Apogem Capital
Jeremy Held
“Investor's perception of liquidity in private markets has long driven by distribution dynamics in addition to asset class structure. The faster exit environment in private markets preceding the 2022 rate hike cycle made illiquid assets 'feel' more liquid than they really were, whereas the current environment has done the reverse, challenging allocators to maintain discipline through choppy markets. Evergreen funds have emerged as a potential solution to provide more precision and discipline to private market deployment in an uncertain exit environment.”
Co-Head of Global Fixed Income, Senior Portfolio Manager, MacKay Shields
Michael DePalma
“In today’s fragmented financial architecture, liquidity in fixed income markets is not merely a risk constraint – it is a strategic asset. Because daily pricing does not guarantee market-clearing liquidity, we structure our multi-sector portfolios with explicit liquidity tiers that act as operational pressure valves. When market leverage unwinds and dealer balance sheets tighten, immediate collateral availability can provide greater flexibility to navigate periods of market stress and evaluate potential opportunities arising from forced selling across global rates, credit and securitized markets.”