| 30.09.2009 - Europe: Real-estate slump upends property funds |
| From WSJ: In the wake of the steep drop in values in European property markets, investors are reassessing their relationships with property-fund managers and other asset managers. Institutional investors in private-equity funds are rebelling and in some cases are forcing managers to hand over responsibility for property funds or direct assets to new fund managers, also known as general partners, who have the investors' confidence.....................Full Article (Subscription Required): Source |