SWFI First Read, July 5, 2016

Standard Life Investments Suspends Trading in UK Property Fund

U.K. property funds are facing redemption risks, potentially creating a spiral downward on property portfolios. Effective immediately, Standard Life Investments (SLI) suspended trading on July 5th on its £2.9 billion U.K. Real Estate fund. The fund targets U.K. real estate in areas such as warehouses, offices and shopping centers. The last time Standard Life Investments prevented investors from pulling their money out of the fund was during the global financial crisis. Standard Life Investments cites “exceptional market circumstances” following a slew of redemption requests.

“The suspension was requested to protect the interests of all investors in the fund,” SLI said in a statement.

China’s Ping An RE Allocates Capital Toward Japanese Logistics

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute
 
institutional investor investment mandates