A number of U.S. hedge-fund firms that have investments from Russian oligarch
Roman Abramovich
have been told to freeze his assets after he was sanctioned by the British government Thursday, according to people familiar with the instructions.
A message from fund administrator
Globe Op to one firm said, “Currently accounts attributed to Roman Abramovich are blocked from transacting, as such any distributions, redemptions or payment cannot be made and no subscriptions or contributions can be accepted.”
SS&C, whose clients include hedge funds and other investment managers, said in the message it was monitoring the situation for guidance from the U.K. Treasury, the Office of Financial Sanctions Implementation and the Cayman Islands Monetary Authority. Other funds have received similar messages, according to people…
