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AbCap Shares Suspended

LONDON (HedgeWorld.com) - Share trading in Absolute Capital Holdings Ltd. was suspended on Tuesday [July 1] after the troubled hedge fund manager failed to publish its final accounts for 2007 within the six-month period required under Alternative Investment Market listing rules.

AbCap said publication of the results would be delayed for about 20 business days. It expects the results should be available for dispatch to shareholders no later than July 28.

After the shock September 2007 departure of Florian Homm, the co- founder and co-chief investment officer, AbCap froze redemptions from several equity long/short funds and its stock plummeted. Last month, the firm spun off its credit hedge ...

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