Standard Life’s U.K. Real Estate Fund invests in high-end commercial properties in London, which over the years have soared in value. 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. In a statement, the firm said that “following an increase in redemption requests as a result of uncertainty for the U.K. commercial real estate market following the E.U. Last December, a mutual fund run by Third Avenue, which invested in the riskiest types of high-yield bonds, was forced to bar the door to investors who wanted their money back. The decision spooked regulators, in particular the Securities and Exchange Commission, which have long worried about the ability of mutual funds to meet investor demands in a time of broad market panic.

Source: New York Times July 04, 2016 19:18 UTC