Amundi’s chief investment officer has warned the asset management sector could be on the verge of a wider liquidity crisis, amid heightened scrutiny by investors in the wake of Neil Woodford’s downfall.

“This business is a trade-off between risk, return and liquidity. We have the ingredients of looming liquidity mismatches across the industry,” said Pascal Blanqué, speaking exclusively to Financial News as part of the Money Masters investing special.