unusual_whales reports UBS halting withdrawals from a $469M real estate fund, while Jeffrey Gundlach calls Larry Fink's redemption logic an admission that reported NAVs are unreliable.
UBS has halted withdrawals from $469 million real estate fund for up to 3 years, per Reuters
If I allowed more people to redeem, I’m not a fiduciary to those who are staying in
It’s an admission that the reported NAV is bogus.
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