Degi, part of Aberdeen Property Investors, has announced the extension of the suspension of share redemptions from its open-ended Degi Europa fund. The Frankfurt-based property investment company sadi the measure was intended to protect the interests of current investors so as to safeguard the fund's ongoing business operations.
Degi, part of Aberdeen Property Investors, has announced the extension of the suspension of share redemptions from its open-ended Degi Europa fund. The Frankfurt-based property investment company sadi the measure was intended to protect the interests of current investors so as to safeguard the fund's ongoing business operations.
Fund share redemptions were suspended on 30 October 2008. Degi said that since then it had been able to raise the fund's liquidity but the liquid capital remained insufficient to ensure a successful reopening of the fund.
