Troubled £1bn student property fund suspended

In a stock exchange announcement made just days after Investment Week revealed investors had been trapped in the group's Student Accomodation fund for months, Brandeaux said it is suspending its entire eight-strong fund range. Listed on the Irish Stock Exchange, the range includes the Brandeaux Student Accommodation fund which has both a sterling share class and a multi-currency share class. The fund drew investors in by producing annualised returns of around 10% for several years, though it has suspended redemptions twice before. In a statement issued to investors, Brandeaux descr...