Property

PROPERTY

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.

Nigel Cuming, CIO of Canaccord Genuity Wealth Management, is considering allocating to European equities and property as equity markets continue to rally.

Student accommodation fund giant Brandeaux has denied its recently-suspended funds are "distressed sellers", and has said there is a £1bn "overhang" of property on the market.

Standard Life Investments (SLI) is converting its £380m UK Property fund into a property-authorised investment fund (PAIF) next month, to give unitholders gross income without having to pay corporation tax.

Investors trapped in property funds suspended by Brandeaux last week have had to wait more than two years, in some cases, to exit the embattled vehicles.

An offshore property fund investing in student accommodation around the UK has been hit with claims investors cannot redeem their investments.

PROPERTY

Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.

Henderson Global Investors' £12.7bn property business has appointed Tony He as director of property for its Chinese consultancy.