Odey Asset Management has suspended the OEI MAC Inc fund today after receiving redemption requests amounting to around 35% of the fund for the next dealing day on 3 July.
This is the second fund to be suspended this week, after the company's flagship hedge fund, the Odey European Inc, was suspended after receiving withdrawal requests amounting to 19% of the fund. Odey AM and Brook AM funds remain open despite outflows as high as 33% It joins the LF Brook Absolute Return, Brook Developed Markets, Odey Special Situations and LF Odey Portfolio funds, which have already been suspended, while the Odey Swan fund has been suspended and is in the process of being wound up. Odey AM has declined to comment. According to data from FEfundinfo, the OEI MAC In...
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