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BlackRock, Schroders hit property investors with restrictions to stem pension client exodus
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BlackRock, Columbia Threadneedle and Schroders have put limits on the amount large investors can withdraw from their UK property funds, as pension clients look to cash in their holdings in less-liquid assets.
The moves mean pension funds — many of them having requested to pull their money from these property funds months ago in the wake of volatile markets and rising interest rates — will have to wait longer to be paid.
Columbia...
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