Market liquidity has been a key concern of both regulators and market participants since the 2008 global financial crisis. The Alternative Investment Management Association (AIMA) and State Street Corporation recently released the results of their 2016 liquidity management study. The report examines the current liquidity environment, including the regulatory changes that are affecting liquidity, how managers are adapting to that environment and new sources of market liquidity. This article highlights the primary takeaways from the report. For additional insight from AIMA, see “Key Ways That Managers Align With Investors, Including Alternative Fee Structures, Skin in the Game and Customized Investment Solutions” (Sep. 22, 2016); “Survey of Investors in Japan Reveals Concerns With Hedge Fund Manager Registration Requirements, the Volcker Rule and Success of ‘Abenomics’” (Jun. 23, 2016); and “Structures and Characteristics of Activist Alternative Investment Funds” (Mar. 12, 2015). For more from State Street, see “Evolution in the ‘Endowment Model’ of Hedge Fund Investing” (Dec. 20, 2012).