A Look Inside the Complex Web of UK Property Funds
M&G Investments and Standard Life, two asset managers that froze redemptions in U.K. real estate funds this week, are also investors in property funds.
U.K. Property Funds Frozen to Halt Withdrawals
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M&G Investments and Standard Life Investments just got a taste of their own medicine, and it's bitter.
The two firms — large asset managers in London and Edinburgh — were among seven that this week froze withdrawals from real estate funds with about 18 billion pounds ($23.5 billion) of assets as investors sought to dump property investments following Britain’s vote to leave the European Union.