The technique was first suspended by authorised company director Hyperlink Fund Options on 15 June 2023 to “shield shareholders” following excessive redemption requests.
On 29 June, LFS introduced the fund was not going to be reopened and could be terminated “as quickly as practicable”.
At this time (27 July) the technique was faraway from Odey Asset Administration’s funds record on its web site and Funding Week understands that buyers’ cash within the fund has been returned to them.
Each LFS and Odey AM declined to remark.
The LF Odey Portfolio was first launched in April 2010 and, up till its suspension and eventual termination have been introduced, was managed by Peter Martin.
The fund measurement as of 10 July 2023 was £93m, in response to knowledge from Hargreaves Lansdown. It had a complete of 43 holdings – with US Treasury inflation listed bonds; 0 1/8% index-linked Treasury gilts 2044; Shell; BAE Techniques and Astrazeneca as its prime 5.
