July 6, 2016 / 2:51 PM / in 3 years

Henderson Global Investors suspends 3.9 bln stg UK property funds

LONDON, July 6 (Reuters) - Henderson Global Investors said on Wednesday it has temporarily suspended trading in its 3.9 billion pound ($5.02 billion) UK Property PAIF and PAIF feeder funds, becoming the fourth firm this week to suspend such funds.

The firm, wholly-owned by Henderson Group, said the decision was taken due to “exceptional liquidity pressures on the funds, as a result of uncertainty following the EU Referendum and the recent suspension of other direct property funds”. ($1 = 0.7768 pounds) (Reporting by Carolyn Cohn; editing by Rachel Armstrong)

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