DBS Asset Management has given notice on the temporary suspension of DBS Absolute Return Fund. As DBS Absolute Return fund feeds substantially into Ivy Sentinel Fund II, there will be no trading of DBS Absolute Return fund due to the suspension of Ivy Sentinel Fund II.
A check of the DBS Absolute Return Fund factsheet and annual report shows that the Ivy Sentinel Fund II is a fund of hedge funds managed by Ivy Asset Management. I’m unable to find additional information on why trading of the Sentinel fund has been suspended. It could be due to the lack of liquidity of the underlying hedge funds.
Currently, DBSAM is still accepting orders for the fund. However, please note that the actual dealing will only resume upon the lifting of the suspension.