The majority shareholder in a student property fund sold by advisers to retail investors called for the fund to be liquidated after redemptions were suspended for more than a year.
The Financial Times reported the property manager of the Guernsey-based Mansion Student Accommodation Fund was asking for the liquidation of the fund in a letter to investors. The Mansion Group runs the properties held within the fund and is the largest shareholder in the vehicle, which was valued at £250m last October. Redemptions were suspended by the fund in October 2013. Mansion urged fellow shareholders to support a "voluntary winding-up" of the fund in a letter last month. It said it wants investors to call for an extraordinary general meeting to start the liquidation proc...
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