Aviva Investors has announced it will resume trading of its £1.5bn Property Trust from December 15, having suspended the fund in July.
The company has also announced that Mike Luscombe, co-manager of the fund, will retire at the end of January. Following his departure, Andrew Hook, co-manager on the trust since March 2015, will lead the vehicle. The Aviva Property Trust was suspended on 5 July following the Brexit vote, alongside a number of other property funds as they struggled with liquiduty issues. Aviva's fund will resume trading at the midday valuation point on 15 December, with any valid instructions it has recieved to buy or sell units in the trust in advance of this valuation point being carried out using t...
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