Europe’s Welfare State at Risk
European Central Bank President Christine Lagarde has warned that Europe’s bolstering welfare state is at risk due to its declining economic environment. Lagarde said the EU “will not be able [...]
Are Some Property Funds Being Suspended in London?
The collapse in property values in London has created a crisis in property funds. M&G Investments blocked withdrawals from its UK property fund as it seeks to distance itself from the troubled manager. Back on June 3, 2019, the asset manager wrote to clients of the M&G UK Property fund to inform them it had placed a temporary restriction on customers from taking out their money for up to six months. Restrictions were also placed on certain withdrawals from the Prudential UK Property fund, which feeds into the M&G fund affected about 65% of customers in the fund. Both funds were only available for long-term institutional investors such as pension funds and the total under management was around £636m in assets while the Prudential Fund had about £50m.
The real estate funds are going to be the worst since they tend to be illiquid.
Latest Posts
Biden Gifts $4.7 Billion to Ukraine
Joe Biden and the entire neocon establishment are working overtime to spur World War III before Trump takes office in January. Biden announced that he would “forgive” $4.7 billion to [...]
Former CDC Director Claims COVID Originated in the USA
Former CDC director Robert Redfield, an outspoken critic of Antony Fauci, believes COVID-19 had sinister origins. We know the NIH was funding gain-of-function research under Fauci at a lab in [...]
Will Ukraine Split?
Ukrainian intelligence agencies released a serious claim that the Russian Ministry of Defense leaked the Kremlin’s final plan for Ukraine that involves separating the nation into three territories. Interfax Ukraine [...]
