UK's Largest Property Fund Halts Redemptions, Fears "Vicious Circle"
Standard Life Investments has suspended trading on its £2.7 billion U.K. Real Estate fund, effective immediately, following Brexit, Investment Week reported, citing a statement.
The firm has suspended trading on the SLI UK Real Estate PAIF and the SLI UK Real Estate income and accumulation feeder funds.
The company cites "exceptional market circumstances" following an increase in redemption requests from the referendum.
The drop in NAV is the largest since Lehman...