Odey Asset Management subsidiary Brook Asset Management has suspended the £530m LF Brook Absolute Return fund.
According to an investor letter seen by Investment Week, the fund's authorised corporate director Link Fund Solutions has suspended dealing in the fund with effect from 12 June 2023, with the first valuation point affected from 10am today (13 June). The suspension has been enacted "in the best interests of all investors" following consideration of "all relevant circumstances regarding Odey Asset Management". Odey AM to close Swan as subsidiary Brook AM gates Developed Markets fund The reason given relates to the liquidity profile following recent redemptions, along with a "lack of...
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