24.11.2011 - Pre-crisis property fund structures 'no longer fit for purpose' PwC
Pre-crisis property fund structures developed in the boom years are no longer fit for purpose in the post-crisis environment, according to PwC. The firm's survey of 30 European vehicles claims new types of funds designed for specific kinds of investors will emerge with the market recovery, including arrangements that "blur the boundaries between what was traditionally regarded as the fund and what was traditionally regarded as a segregated account"...............................................Full Article: Source
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