UBS Trumbull Property Fund had a $3.1bn redemption queue as at June. : UBS Trumbull Property Fund’s $3.1bn (€2.8bn) exit queue has nearly doubled since June, according to people familiar with the matter. IPE Real Assets reported in July that the San Diego City Employees Retirement System (SDCERS) was planning to redeem its $34m from UBS Asset Management’s $22.7bn open-ended core vehicle due in part to underperformance and to rebalance its portfolio.