Asset managers trim real estate holdings amid market downturn
Retreat comes as sluggish sales and high interest rates weigh on cash flows from property funds
Retreat comes as sluggish sales and high interest rates weigh on cash flows from property funds

BlackRock and Fidelity International among asset managers betting credit rally has run out of road

Wealth managers are keen to promote semi-liquid funds to a new group of clients

When the going gets tough, investors are struggling to find a place to hide

Prolonged downturn in dealmaking has meant fewer opportunities and squeeze on pay

A vast distribution network helped the asset manager navigate the shift to passive investing, but new challenges are looming

Firms are still struggling to deal with a lack of exits from their investments