Sector report: UK commercial property - treading a very fine line

Sector report: UK commercial property - treading a very fine line

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Managers must navigate a difficult path between maximising exposure to attractive illiquid property and accommodating liquidity needs. Edward Fane asks whether it is worth the risk

Investors' thirst for liquidity is nothing new. In John Maynard Keynes' The General Theory of Employment, Interest and Money, he bemoans the consequences of markets organised with a view to 'so-called...

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