Aug. 14 (Bloomberg) -- Standard Life Investments, Scotland’s second-largest money manager, plans to raise as much as 325 million pounds ($537 million) in equity for two real estate funds to exploit a two-year slide in commercial-property values.
One fund will be targeted at institutional investors, such as pension funds and insurers, and the other at wealthy individuals, Andrew Jackson, head of strategy at the Edinburgh- based company, said in an interview Aug. 12. Standard Life will start raising the money in October.
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