With around £545 million of assets under management at 31 May 2023 the decision to suspend or “gate” dealings in the LF Brook Absolute Return, a UK authorised open-ended investment company (OEIC), managed by Brook Asset Management, a trading name of Odey Asset Management, on 13 June is unlikely to have a significant impact on either the UK investment funds or the wealth management markets.
The fund was suspended as a consequence of the volume in redemption requests rece...
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