« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Bear Stearns 2.0? UK's Largest Property Fund Halts Redemptions, Fears "Vicious Circle" 

By: micro1 in POPE IV | Recommend this post (2)
Tue, 05 Jul 16 5:17 AM | 48 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 08630 of 47202
Jump:
Jump to board:
Jump to msg. #

In the summer of 2007, two inconsequential Bear Stearns property-related funds were gated and then liquidated, exposing the reality of the US housing bubble and catalyzing the collapse of the financial system. Fast forward eight years later when the UK's Standard Life has been forced to stop retail investors selling out of one of the UK’s largest property funds for at least 28 days after rapid cash outflows, due to fears over falling real estate values: "the risk is this creates a vicious circle, and prompts more investors to dump property."

http://www.zerohedge.com/news/2016-07-04/bear-stearns-20-uks-largest-property-fund-halts-redemptions-fears-vicious-circle




» You can also:
« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next