PERE: UBS’s $21bn US core fund sees two-year redemption queue

July 2, 2019

Matthew Ritter was featured in PERE article, "UBS’s $21bn US core fund sees two-year redemption queue."

Investors large and small have lined up to exit UBS’s Trumbull Property Trust, PERE has learned, causing a two-year delay for capital redemptions.

The Swiss investment bank’s roughly $21 billion fund has seen a steady stream of divestment requests since 2017, according to five sources familiar with the fund and several investor meeting documents. The exodus stems from a combination of lackluster performance and a surge of new competition.

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Topics: Press, Press Coverage

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