Brexit Property-Fund Turmoil Eases as ‘Animal Spirits’ Settle

  • Threadneedle plans to reopen fund after two-month freeze
  • Asset managers reduce investor penalities as market calms

The turmoil that triggered the closure of seven U.K. real estate funds in the aftermath of Britain’s decision to leave the European Union is subsiding as companies reopen trading and investor penalties on redemptions ease.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.