Brandeaux suspends its property funds Brandeaux, the property fund manager, has suspended all eight of its funds after experiencing higher redemption requests and liquidity problems. The company, which manages the £1bn Student Accommodation fund, an open-ended property fund, on Monday said it would no longer accept new subscriptions or redemption requests. The suspension includes Brandeaux's range of ground rent funds. It blamed the move on the uncertainty in the student accommodation market, stating that there is a considerable "overhang" of UK purpose-built student properties. Brandeaux said it was in discussions on various property transactions to create liquidity for investors. This includes selling about 80 per cent of the ground rent portfolio by value. In a letter, Roger Boyland, chief executive of Brandeaux, told investors not to panic. The Brandeaux funds are all performing positively and own hard assets represented by high-quality UK property. There is no basis for investors to "panic" or to worry that they have "lost all their money."" The company hit out at the recent move by the regulator to ban financial advisers from recommending unregulated collective investment schemes (Ucis). Brandeaux said: "The directors believe that this, together with other factors including the continuing global economic uncertainty, has led to the recent increase in redemption requests and fewer subscriptions received by the Brandeaux Funds." From January 1 2014, promotion of Ucis funds, such as traded life policy settlements, overseas property and fine wine, will be limited to sophisticated or wealthy clients, defined as those with an income above £100,000 a year, or more than £250,000 to invest.