Stanlib Multi-Manager Flexible Property Fund announced has in a statement that it had appointed a second property and fixed-interest specialist in the fund

Stanlib has closed its multi manager property fund to new investments, saying its assets have reached R1,2bn in just more than two years, which is close to the 'optimal size of a local portfolio'

Leading unit trust company Stanlib announces with effect 1 February 2005 its Multi-Manager Property Fund - run by Marriott Properties and Standard Bank Properties - is closed to new investment. Stanlib head of investments Malcolm Holmes