Janus Henderson and Kames Capital suspend property funds; 'almost certain' all will follow

In the wake of the Kames suspension, Janus Henderson's £2bn UK Property PAIF has also been suspended as a result of "market uncertainty". According to its website, despite a cash position the fund has maintained to meet a "reasonable" level of redemptions, the "significant market uncertainty" caused by the coronavirus pandemic has led to CBRE declaring "material uncertainty of valuations" in relation to all direct property assets owned by the fund. As such, Janus Henderson has suspended dealing in both the fund and its feeder, with all requests received since noon on 16 March to be re...