Odey Asset Management to reopen Odey Special Situations fund
The Odey Special Situations fund is the second suspended fund to reopen.
The fund was originally suspended on 15 June. Odey AM also announced on 4 July it was in «advanced talks» to transfer the fund, which is managed by Adrian Courtenay, to boutique Green Ash Partners.
Odey in talks to transfer Special Situations fund to Green Ash Partners
In the letter, the asset manager said applications for subscription, conversion and/or redemption of shares can be submitted by 2pm on 11 July for processing on the following day.
Any applications made prior to the suspension which were not processed, will be automatically processed on 12 July unless shareholders withdraw their requests, Odey AM added.
The Odey Special Situations fund is the second suspended fund to reopen. Brook Asset Management's Brook Developed Markets fund will reopen on 7 July.
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