Market Analysis
Private Credit ETFs and the Liquidity Illusion: Why 'Daily Liquidity for Illiquid Assets' Will Fail Its First Stress Test
TL;DR: Private credit ETFs promise you daily stock-market liquidity over a portfolio of illiquid corporate loans, a structural contradiction that works smoothly until it doesn't. The poster child, Sta
Jeff Barnes, MBA··10 min read
Regulatory & Compliance
SEC's First Rule 18f-4 Enforcement: What Every ETF Investor Needs to Know
The SEC just issued its first-ever enforcement action under Rule 18f-4 — the derivatives risk management rule for investment companies. The target was Simplify Asset Management. The penalty was
Jeff Barnes, MBA··6 min read