Latest news with #redemptions
Bloomberg
8 hours ago
- Business
- Bloomberg
Starwood REIT Begins to Scale Back Its Steep Withdrawal Limits
A real estate fund managed by Barry Sternlicht's Starwood Capital is slowly lifting a cap on redemptions more than a year after it severely limited investors' ability to retrieve capital. Beginning this month, Starwood Real Estate Income Trust, or SREIT, will limit share repurchases to 0.5% of the fund's net asset value, according to a filing Monday. The fund will also increase quarterly redemptions to 1.5% of NAV in July. The new limits represent a small increase from previous caps of 0.33% per month and 1% per quarter.
Bloomberg
16-05-2025
- Business
- Bloomberg
Global Backlash Drives Worst ESG Fund Redemptions on Record
The global market for sustainable funds just suffered its worst quarter on record with redemptions reaching an all-time high, according to a fresh analysis by Morningstar Inc. Against a backdrop of 'geopolitical uncertainty and a growing backlash against ESG,' investors withdrew an estimated $8.6 billion in the first quarter of 2025, Morningstar said on Thursday. The development marks a 'stark reversal' from the $18.1 billion in inflows in the final quarter of 2024, it said.
