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Hot Topic Hawke’s Bay
Property
3 mins to read
5

Fund managers don’t understand unlisted property risks, FMA says

Financial markets regulator also concerned about assumptions of a high degree of liquidity simply because an investment is listed.

The FMA is concerned about high liquidity assumption.

Brent Melville Mon, 14 Oct 2024

The Financial Markets Authority says local pension fund managers are overly-reliant on the listed commercial property sector and exposures to unlisted real estate trusts without understanding their leverage or funding.

In a paper on managed funds’ approach to commercial real estate, FMA chief

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Brent Melville Mon, 14 Oct 2024
Contact the Writer: bmelville@nbr.co.nz
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PMG Funds Oyster Group Blackstone Starwood FMA Stuart Johnson
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