Saturday, Dec 13, 2008
Will this stop HPC?
Reuter: UBS to freeze $6 bln property fund
Swiss bank UBS said on Friday it had frozen a $6 billion real estate fund as it could not keep up with redemption requests from wealth management clients.
Posted by peter_2008 @ 12:54 AM (323 views) Add Comment
1 Comment
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1. paul said...
In other words, the place is on fire and they've locked the exits.
I swear in years to come this kind of behaviour by failing investment funds will be outlawed.