UBS Bank Halts Withdrawals From $469 Million Real Estate Fund
The brief notice says withdrawals from the fund could be suspended for up to three years because of insufficient liquidity, highlighting pressure in less-liquid property investments.
Summary
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Terms & Concepts
Liquidity: The ease of converting an asset into cash without causing a large price change.
Real estate fund: An investment fund that pools capital to buy or finance property assets, which can be harder to sell quickly than public securities.