Asset Management

UBS rushes to stem outflows from flagship property fund

Fund faces $7bn in redemption requests, offers to slash fees

UBS is stepping up efforts to stem the bleeding at its $20bn flagship real estate fund amid concerns over its retail holdings, as some investors move away from more conservative, lower-return funds.

Investors are waiting to withdraw about $7bn from the Swiss bank’s Trumbull Property Fund following an extended period of underperformance, according to a person familiar with the matter.

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