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Standard Life property fund manager: 'We've started an internal review'

The manager of Standard Life Investments' £2.6 billion Real Estate Fund speaks to FN ahead of its reopening on Monday

SLI property fund manager George Shaw
SLI property fund manager George Shaw

George Shaw, the manager of Standard Life Investments’ £2.6 billion Real Estate Fund – among the biggest to have shut amid a wave of redemption requests after the UK’s Brexit vote – speaks to FN ahead of its reopening on October 17.

What is the latest with the fund?
It's been a rather demanding period for all the funds in the open [ended] sector since the EU referendum vote and the unprecedented level of redemptions we certainly experienced in our own fund, which led to us having to take suspension action. Since then we've been concentrating on raising the liquidity level in the fund though a structured [and] controlled asset disposal.

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