A law firm which presided over the disappearance of €9.8m (£8.4m) from a global property fund sold through IFAs has been told it must pay back the missing money, a judge ruled today.
Hearthstone Investments is launching a property fund early next year seeking to track price moves in the UK residential market.
Henderson UK Property fund manager Marcus Langlands Pearse dismisses suggestions the property market faces an imminent demise and says prices are now at fair value.
Denmark's Saxo Bank has shelved plans for a UK property fund, saying prices here are now too steep.
Property is once more an area of interest for investors.
Fiona Rowley has only 10% cash in her property fund, which now tops £1bn in assets under management
Majority HBOS-owned property fund manager Inivsta has revealed it is in talks over a possible offer for the company.
Swip property manager expects bricks and mortar market to recover during 2010