Suspended Axiom Fund ‘back on track’, says John Sheffield

Personally I’d like to thank you for raising this issue early. Schools has resigned and the fund looks to be back on track with redemptions being cancelled. I’m sure in due course a criminal case will be brought against Schools but KPMG and the administrators seem have nipped it in the bud. Well done. I think what the earlier commenter was referring to was the spate of panic redemptions that initially flooded in after your article that could have crippled the fund. Perhaps a note to the fund manager to address the issue so it can be fixed and then you can write it up rather than causing premature panic might be a future solution. It’s a difficult issue. Lets hope that’s the back of Schools and the fund continues to flourish.

John Sheffield

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