Calan closes the door to stop a flood of funds

While most fund managers are busy chasing new funds the Calan Healthcare Properties Trust is restricting entry as it's got too much money coming in.
The trust, whose flagship investment is the recently opened $52 million Ascot Hospital in Ellerslie, has moved to restrict entry into its fund and in some cases close it to new investment.
General manager Chris Donahoe says advisers who have s...