Odey AM subsidiary's LF Brook Absolute Return fund to remain suspended

Link Fund Solutions

The LF Brook Absolute Return fund will remain suspended, Link Fund Solutions said in a letter to shareholders seen by Investment Week.

LFS is the authorised corporate director of the Brook Asset Management fund, a subsidiary of Odey Asset Management. Odey Asset Management to reopen Odey Special Situations fund In the letter, LFS said it decided, alongside BNY Mellon as the fund's depositary, that continuing the suspension of dealings was "the best option" and "in the interests of all investors". The fund was originally suspended on 12 June , with the update to investors due after at least 28 days from the suspension, as set out by Financial Conduct Authority rules. In June, LFS said the reason for suspending th...