Absolute Capital Management, the UK-listed hedge fund manager, has attempted to draw a line under a tumultuous week that saw its shares lose more than 80% of their value after the shock resignation of its co-founder.

Absolute, which was forced to freeze redemptions from its $2.1bn (€1.5bn) of equity funds when investors tried to pull more than $100m out in 24 hours after Florian Homm quit on Tuesday, today attempted to calm market fears.