Link Fund Solutions will lift the suspension of dealing in the LF Brook Absolute Return fund, it said in an investor letter yesterday (17 July).
The strategy was first suspended on 12 June due to issues with the liquidity profile of the fund caused by the high volume of redemptions alongside a lack of clarity from Odey AM's financial services providers. Brook Asset Management is a subsidiary of Odey Asset Management and LFS is the authorised corporate director of the fund. Odey Asset Management to reopen Odey Special Situations fund On 11 July, LFS confirmed the fund would remain suspended, meeting its FCA requirement to update investors every 28 days following a suspension in dealings. In the letter, LFS said the first ...
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