New York (HedgeCo.net) – After suspending redemptions and new investments on Monday, APS Asset Management announced on Thursday that they will lift the suspension on their Greater China APS Greater China Long/Short Fund and begin accepting investments in to the fund and allowing redemptions out of the fund on July 20.

APS enacted the suspension after approximately 1,300 Chinese stocks were halted for trading last week. The majority of those stocks have seen the trading halts lifted which will allow APS to once again calculate the net asset value of the fund.

APS issued the following statement on Thursday. “Having carefully considered the financial position of the fund, the composition, value and liquidity of the Fund’s investments and general market conditions, the directors consider the lifting of the suspension to be in the fund’s best interests.”

Rick Pendergraft
Research Analyst
HedgeCoVest