Threadneedle is in talks to merge its Property Unit Trust with a real estate fund offered by Protego....
Threadneedle is in talks to merge its Property Unit Trust with a real estate fund offered by Protego. The proposed merger would protect existing investors of the Protego UK Property fund which has fallen to £61m, with Threadneedle’s Don Jordison remaining as manager. Protego said, in common with other property funds, it has suffered a significant number of redemptions and the costs of running such a small fund is negatively impacting its performance and distribution yield. The merged vehicle would have around £400m AUM and over 100 direct property assets. Protego said it would also pro...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
