St James's Place (SJP) has suspended its property fund and paused client withdawals from the fund citing a fall in demand for UK commercial property, vacant post-Covid-19 office spaces and increases in client withdrawals.
The firm stated that the suspension, which was effective from midday on Friday 20 October, was a proactive measure intended to manage potential risks.
The £829.5 million fund's management charge has been temporarily reduced by 15 basis points to 1.89 ...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
