Update: St James's Place latest to suspend property funds

Mike Sheen
clock • 11 min read

St James's Place, Columbia Threadneedle, BMO Global Asset Management, Legal and General Investment Management, Aberdeen Standard Investments, Kames Capital and Janus Henderson have all suspended their open-ended UK property vehicles due to valuation concerns amid the ongoing pandemic-driven market sell-off.

St James's Place has confirmed the suspensions of the £1bn AUM Property unit trust, as well as the £200m AUM Property Life and £1.2bn AUM Property Pension funds. In a statement SJP said that in ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Diverging markets, diversified portfolios

Partner Insight: Diverging markets, diversified portfolios

With the paths of major economies poised to diverge, PIMCO discuss why they believe it is critical to act...

Tiffany Wilding and Andrew Balls at PIMCO
clock 16 April 2024 • 2 min read
Grant Thornton Pensions Fund appoints Cardano as fiduciary manager

Grant Thornton Pensions Fund appoints Cardano as fiduciary manager

Cardano appointed to provide investment risk and management services for £250m scheme

Martin Richmond
clock 15 April 2024 • 1 min read
WTW to launch private equity LTAF

WTW to launch private equity LTAF

£450m of commitments already received ahead of launch, including from LifeSight

Jasmine Urquhart
clock 15 April 2024 • 2 min read
Trustpilot