Abramovich's U.S. hedge fund investments frozen- WSJ

1 minute read

Russian billionaire and owner of Chelsea football club Roman Abramovich arrives at a division of the High Court in central London October 31, 2011. REUTERS/Andrew Winning/Files

Register now for FREE unlimited access to Reuters.com

March 11 (Reuters) - Some U.S. hedge-fund firms that have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him, the Wall Street Journal reported on Friday.

Britain froze assets and imposed a travel ban on the Russian owner of Chelsea soccer club on Thursday along with six other senior Russians because of their links to President Vladimir Putin and his invasion of Ukraine. read more

Fund administrator SS&C Globe Op said in a message to one hedge-fund firm that accounts attributed to Abramovich are blocked from transacting, the Journal said on Friday, citing people familiar with the instructions.

Register now for FREE unlimited access to Reuters.com

SS&C was monitoring the situation for guidance from the U.K. Treasury, the Office of Financial Sanctions Implementation and the Cayman Islands Monetary Authority, the report added.

SS&C did not immediately respond to a request for comment.

Other funds have received similar messages, the Journal said.

Canada on Friday imposed sanctions on five Russian individuals including Abramovich and is barring 32 Russian companies and government entities from receiving defense equipment or supplies from Canada. read more

Register now for FREE unlimited access to Reuters.com
Reporting by Akanksha Khushi in Bengaluru; Editing by Cynthia Osterman

Our Standards: The Thomson Reuters Trust Principles.