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Translations
J44 & J99, FPI Brandeaux Funds Update, Jan 2009
Response from FPIL regarding Brandeaux’s announcement on 19th January
Following Monday’s announcement from Brandeaux that they intend to launch a new share class with additional dealing and redemption restrictions, FPIL continues to consult closely with them.
We are working on a practical proposal to re-open the mirror funds whilst still allowing weekly dealing that can meet these new restrictions and that can be properly administered on FPIL’s policy systems.
So whilst this consultation continues, the Brandeaux mirrors continue to be fully suspended.
Client letter and Q&A’s have been despatched this week to affected FPIL clients.
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