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Columbia Threadneedle freezes UK property fund as cash balance dwindles
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fnlondon.comColumbia Threadneedle has frozen trading in one of its retail UK property funds after a depletion in the amount of cash held to pay back the rising number of investors wanting to exit.
In a statement issued on the evening of 11 October, the £492bn asset manager said it had suspended dealing in the £453m UK Property Authorised Investment Fund as well as its feeder, the UK Property Authorised Trust.
Columbia...
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