M&G
M&G property fund remains shut but anticipates 16% cash position
Update reveals £245m of assets are now in hands of solicitors or under offer
Calls for Prudential to spin out US and Asia businesses
Second largest shareholder argues combination of PruAsia and Jackson has ‘no strategic rationale’
M&G fund suspension prompts further scrutiny of FCA rules
Asset manager will waive 30% of the annual charge on the £2.5bn property fund
Best Practice | 2 Dec 19
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