This episode is a follow-up discussion to a previous podcast from December 2022, titled Tickling the Dragon’s Tail.

The systemic impact of increased illiquid asset holdings in times of market stress is a sleeping dragon that, once awoken, could create havoc on liquid and illiquid portfolios. Trevor Lavin, head of Allspring’s Institutional Client Group in the Western region, discusses this with Kevin Kneafsey, senior investment strategist with the Multi-Asset Solutions team.