Investors hit out at 27-month wait to exit suspended property fund

Last week, Investment Week revealed Brandeaux had suspended redemptions on its £1bn Student Accommodation fund as liquidity dried up. The group later announced it was suspending its entire eight-strong fund range and admitted that up to 80% of property in its £372m Ground Rent Income fund is up for sale. Now it has emerged Brandeaux has advised some clients it has a logjam of redemption requests queued back to April 2011 in some funds, according to documents seen by Investment Week. This 27-month queue has built up around the Brandeaux Dual Assets fund sterling share class, which r...