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28 May 2012

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Segurfondo Inversion becomes 2nd Spanish RE fund to close

Segurfondo Inversion, managed by Inverseguros, became the second Spanish property investment fund to request a two-year redemption freeze from Spain's market regulator as it faced outstanding redemption requests for e586m, or 96.8% of its value, in March. Shareholders include a number of insurers: Spain's Mapfre and Nacional de Reaseguros; the Netherland's Aegón; Germany's Allianz and Switzerland's Zurich - as well as public guarantee fund Consorcio de Compensación de Seguros.

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