Suspension extended – When will the fund re-open?
In accordance with rules set out by the FSA, dealing was initially suspended for 28 days. Given the largely illiquid nature of this asset class, however, the FSA have agreed that the suspension can extend beyond this period, provided the manager and depositary regularly review the basis for the temporary suspension. FundsNetwork will update clients via their website www.fundsnetwork.co.uk with any updates from New Star on the period of suspension and when this may be lifted.
