Standard Life Fund Halts Withdrawals After ‘Brexit’ Vote
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The financial district of Canary Wharf in London. Standard Life Investments said the Brexit vote had created uncertainty in the city’s booming real estate market. Standard Life’s U.K. Real Estate Fund invests heavily in high-end commercial properties in London. CreditMarco Kesseler for The New York Times
A British mutual fund with large investments in London commercial real estate said on Monday that it had suspended requests from investors wanting to exit the $3 billion fund.
The decree from Standard Life Investments, the asset management unit of the large British insurance company, was a response to panicked investors looking to pull their assets following the vote by Britons last month to sever ties with the European Union…
Standard Life Fund Halts Withdrawals After ‘Brexit’ Vote
