KanAm said on Thursday it has reclosed its Grundinvest open-ended property fund for redemptions for a three-month period following strong capital outflows last weekend in reaction to draft German investment laws which propose tighter notice and mininum holding periods for investors. In a statement, KanAm said the move was intended to protect participants in the fund
KanAm said on Thursday it has reclosed its Grundinvest open-ended property fund for redemptions for a three-month period following strong capital outflows last weekend in reaction to draft German investment laws which propose tighter notice and mininum holding periods for investors. In a statement, KanAm said the move was intended to protect participants in the fund
KanAm's Grundinvest fund (around EUR 4.8 bn) was one of the larger German open-ended funds to close for redemptions in October 2008, before reopening in July 2009.
