ONE Financial Corporation has wound down all funds within its All-Weather Profit Family except the ONE Financial All-Weather Profit Global Diversified Fund.

The company is returning subscriptions for such funds to investors. It has also suspended purchases for the Global Diversified Fund until further notice, and ceased providing portfolio management services to such fund.

Redemptions for the Global Diversified Fund remain available, and will be processed under the terms of the Family’s prospectus.

The National Post reports more than 70% of ONE Financial’s Canadian workforce was let go earlier this week.