Columbia Threadneedle: Suit Henderson and Bn Fund

columbia threadneedle: The next day M&G and Aviva followed suit, according to The Guardian. Henderson and Columbia Threadneedle were next, and before long 35bn in savers' money was locked away. Standard Life's 2.9bn fund closed its doors first, to fend off a rush of withdrawals. Is a repeat on the cards The crucial question is the level of cash the funds hold. The fund managers simply could not sell buildings fast enough to give savers their money back. M&G had to close its doors this week after months of relentless withdrawals totalling nearly 1bn in the past year left its cash levels critically low. (news.financializer.com). As reported in the news.