🚨 UBS just locked $469 million in investor capital for up to 3 years.
Their Euroinvest real estate fund halted all withdrawals. Liquidity dried up. Redemption requests piled in. Exits closed.
#Ares . #Apollo . #BlackRock . Now #UBS .
This is a macro liquidity problem and it's spreading.
Gold$XAU doesn't gate you out for 3 years.

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