Caruso’s Secondary Market feature enables fund managers to facilitate liquidity for investors. It allows investors to initiate sell or buy orders via the Investor Portal, subject to fund manager approval.
Important: Fractional unit sales are currently not supported. This restriction applies only to the Secondary Market.
Step 1: Enable Secondary Market
In the navigation pane, select Funds
Click the appropriate fund from the list
Go to the fund’s Settings tab
Scroll to the Secondary Market section
Toggle the secondary market on or off as required
(Optional) Enter a fee percentage to charge sellers on successful trades
Click Save changes
Managing Sell and Buy Orders
All secondary market activity is managed through Tasks in the navigation pane:
When an investor submits a sell order, a Review sell order system task is created
When an investor places a buy order, a Review buy order system task is created
These tasks can be assigned to teammates to Confirm, Cancel, or Edit as required
Once a sell order is confirmed:
The investor receives an email notification
A public listing appears on the Secondary Market
When reviewing buy orders:
You can review all bids, present them to the seller, and complete the transaction
Accepting one buy order automatically cancels any other pending bids — affected investors are notified by email
All Secondary Market activity is also visible under the fund’s Secondary Market tab.
Notes
Disabling the Secondary Market removes all active listings for that fund
Caruso does not charge fees for listing or bidding on the Secondary Market
Ensure all relevant payments are settled before completing a buy order
If you have any questions or need help at any stage, please contact our Caruso Support team either by email or live chat.