Conditions are starting to improve for the troubled property sector with M&G's Fiona Rowley, manager of the £4.4bn Property Portfolio, saying the group hopes to re-open the suspended vehicle next month, while F&C has removed the fair value adjustment on its £310m UK Property fund.
The M&G fund was suspended in July alongside other giants of the sector following the Brexit vote. But Rowley said the group now hopes to lift the suspension next month once cash levels are above 15%,...
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation