martin gilbert, ceo and cofounder of aberdeen asset management. gilbert, us another not related.gilbert of bloomberg view. thank you so much for joining us. reopened.as have you been speaking to regulators? have you learned anything about what happened? martin: we were in constant touch with the regulators throughout the situation. we took a view that our primary objective was to keep the fund open and provide liquidity so we used the price to stop outflows. stop outflows is the wrong word, but to give liquidity in a market that was in crisis, and it worked. and the market settle down and all the other property funds are reopening. francine: you were very open about it. how can you avoid this in the future? can you say it will not happen because we are not getting another referendum where there are steps being taken? martin: i think we need to look at daily liquid funds that are invested in illiquid assets because no one in the industry is going to voluntarily move to monthly liquidity and make themselves uncompetitive, but is really where the situation is. francine: mark, i have

coming up on the european close, we will hear from martin gilbert. that's an interesting range.for joining us. he says the market is near a dangerous situation. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. mark: this is the european close. it's time for the bloomberg is this flash. the chief executive of europe's biggest discount airline warns brexit will hurt earnings for four years. leavingthe process of the eu will depress airfares during that time. they have put contingency plans in place. they will take flights away from the u.k. in the next two years. latimer pins was to reduce americanissue -- on made technology. a russian made product will be installed in its place. he is concerned about the security and reliability of american software. that is the latest bloomberg business flash area -- flash. andie: he told francine mark gilbert why he is worried about on markets. >> the shock we got after brings it was in property. up until then all the regulators wanted any shock to be in the bond market when interest rates started to go up. prices are at all-

we are joined by martin gilbert. ♪ francine: welcome to "the pulse."'s european headquarters right here in london. we have a great show lined up. we spea

graf iii david martin graifman gilbert franco granados lauren catuzzi grandcolas and her unborn child arthur grant christopher s. gray ian j. gray james michael gray tara mccloud gray john m. grazioso timothy george grazioso derrick auther green wade b. green wanda anita green elaine myra greenberg donald freeman greene gayle r. greene james arthur greenleaf, jr. >> and my beloved brother-in-law, chantal rooney. you are with your mother. and my sister beverly. our families miss you every day, we love you and we will never forget you. may god lead us into a path of peace. >> my brother, i love you and miss you so much. i live my life in your spirit of giving, and never forgetting. love you always, ronald j ruben. [applause] eileen marsha greenstein elizabeth martin gregg denise marie gregory donald h. gregory florence moran gregory pedro grehan john michael griffin tawanna sherry griffin joan donna griffith warren grifka ramon b. grijalvo joseph f. grillo david joseph grimner francis edward grogan linda gronlund kenneth george grouzalis joseph grzelak matthew james grzymalski robert jo

graf iii david martin graifman gilbert franco granados lauren catuzzi grandcolas and her unborn childchristopher s. gray ian j. gray james michael gray terra -- tara mccloud gray john m. grazioso timothy george grazioso derrick auther green wade b. green wanda anita green elaine myra greenberg donald freeman greene gayle r. greene james arthur greenleaf, jr. >> and my beloved brother in law shown poll rooney -- sean paul rooney. you are with your mother. and my sister beverly. our families miss you every day, we love you and we will never forget you. may god lead us into a path of peace. >> ron, my brother, i love you and miss you so much. i live my life in your spirit of giving, and never forgetting. love you always, ronald j ruben. [applause] >> eileen marsha greenstein elizabeth martin gregg denise marie gregory donald h. gregory florence moran gregory pedro grehan john michael griffin tawanna sherry griffin joan donna griffith warren grifka ramon b. grijalvo joseph f. grillo david joseph grimner francis edward grogan linda gronlund kenneth george grouzalis joseph grzelak matthew j