The alert comes as the fund, which is backed by about 8,000 Irish investors, faced an uptick in redemption requests in the third quarter of this year. They set up its flagship Greenman Open fund in 2014. “This decision was taken in light of confirmation received from Greenman Investments, the fund manager of the Greenman Fund, of a delay in the payment of redemptions,” said a spokesman for the insurance group. Mr Wilkinson said he believed it was also down to the interests of Greenman Open and Aviva “no longer being aligned”. He said delayed payments due on redemption requests at the end of 2024 and the first quarter of this year would be made around November 28th.
