UK industry body says property funds may need to suspend themselves

LONDON (Reuters) - Property funds should suspend themselves if they can no longer properly assess the value of the real estate assets they hold, a British funds industry trade body said on Wednesday."Under these conditions property funds need to suspend while this extraordinary situation lasts, in order to ensure that investors, mostly long-term pension savers, are protected," Paul Richards, managing director of the Association of Real Estate Funds said in a statement relesed by the Investment..