A fund's liquidity terms are the rules governing when and how investors can get their money out: dealing frequency, notice period, lock-up, gates and the power to suspend redemptions. They are set in the offering documents and should match the liquidity of the underlying strategy.
A liquid-markets strategy can offer daily or weekly dealing with short notice; a strategy holding illiquid positions needs longer notice and gates. Mismatch between fund liquidity and asset liquidity is one of the most common causes of fund failure in stress, and is a core item in operational due diligence.
Suspension powers let the directors halt dealing entirely when the fund cannot be valued or assets cannot be sold, and are a last resort.
Each POD fund's liquidity terms are set by its manager. The platform supports dealing as frequently as daily; the fund's documents state what the manager has chosen.
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