'Turbulent market' sees Kames Property Income suspended on valuation concerns

In a statement to investors Kames Capital said the Property Income fund's standing independent valuer CBRE had made the judgement that it could not accurately price the holdings and, in accordance with COLL rules, it had made the recommendation to close. From 12pm yesterday (16 March) Kames, which has made the Financial Conduct Authority aware of the situation, began blocking any instructions to purchase, sell or switch shares or units in the funds under the management of Richard Peacock and Karen Fox. Kames told investors: "The challenges in accurately pricing properties is an issue ...