Legal & General Investment Management, one of Europe’s largest asset managers and a major global investor.
As Michelle Scrimgeour approaches the end of her first year as CEO of LGIM she shares an update on the past 12 months.
Suspension of all dealings in the Legal and General Assurance (Pensions Management) Limited (“PMC”) Managed Property Fund and Hybrid Property Fund
We can confirm that in light of extreme market volatility and the current exceptional circumstances in the UK property market, we have taken the difficult decision to suspend all dealings in the Legal and General Assurance (Pensions Management) Limited (“PMC”) Managed Property Fund (PF Section C, AABA, AABB, KJ) and Hybrid Property Fund (PF Sections XY and YL) (together the “Funds”).
In line with recent regulatory guidance, we have performed a detailed assessment to determine whether our funds are providing value to investors.
Our latest views on markets, investment strategy and long-term themes.