Roman Abramovich U.S. Hedge Fund Investments Are Frozen

A number of U.S. hedge-fund firms that have investments from Russian oligarchRoman 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 SS&C 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.”