Current property woes stir up bad memories

Ask some major property detractors why they dislike the asset class so much, and many will bring up ...

Ask some major property detractors why they dislike the asset class so much, and many will bring up the Henderson Prime Residential Property fund that blew up in the 1980s Imagine the damage, then, if some of the giant commercial property funds of today go the same way, particularly after the marketing campaigns of recent years. Rumours persist that Norwich Union's flagship Property Trust is preparing to limit redemptions as massive outflows continue. The fund was taking in as much as £100m a week at certain points last year, but has seen its assets tumble by £800m in two and a half mon...