(Bloomberg) -- Retail investors pulled €10.2 billion from euro-denominated real estate funds in the year through April amid warnings that falling valuations ...
-- Retail investors pulled €10.2 billion from euro-denominated real estate funds in the year through April amid warnings that falling valuations could create liquidity pressures for the products.Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’The redemptions mark a huge turnaround from the preceding 12 months, when the funds attracted inflows of almost €2 billion, data compiled by Morningstar show.
Property fund managers now typically demand significantly longer notice periods before investors can get their money back. Sterling real estate funds saw a return to withdrawals in April, after a small inflow in March. Investors pulled almost £55 million from the funds last month, bringing total redemptions for the year to more than £927 million.Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million. Shares in Sarasota, Fla.
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