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A Look Inside the Complex Web of UK Property Funds

By Tony Seruga

M&G Investments and Standard Life, two asset managers that froze redemptions in U.K. real estate funds this week, are also investors in property funds.

M&G Investments and Standard Life Investments just got a taste of their own medicine, and it’s bitter.

The two firms — large asset managers in London and Edinburgh — were among seven that this week froze withdrawals from real estate funds with about 18 billion pounds ($23.5 billion) of assets as investors sought to dump property investments following Britain’s vote to leave the European Union.

It turns out they’re also investors in some of the gated funds, according to Bloomberg data…

A Look Inside the Complex Web of UK Property Funds

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