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Neil Woodford sacked as flagship Equity Income Fund to be shut

LONDON (Reuters) – Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to pay back investors trapped in the fund since June. The fund’s administrator, Link Fund Solutions (LFS), said on Tuesday th... More »

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Neil Woodford says ‘cannot accept’ closure of his flagship fund

LONDON (Reuters) – Fund manager Neil Woodford has criticized a fund administrator decision to close his suspended flagship fund on Tuesday, after a four-month lockdown that has seen values plunge by hundreds of millions of pounds. “This was Link’s decision and... More »

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After Woodford fund suspension, focus turns to its stewards

LONDON (Reuters) – The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. While Woodford, one of Britain’s highest profile money managers, picked the compani... More »

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Watchdog examines Guernsey listings of suspended Woodford fund

LONDON (Reuters) – Britain’s financial watchdog said it was examining a decision by a frozen Woodford fund to list investments in Guernsey, as wealth manager St James’s Place pulled 3.5 billion pounds ($4.45 billion) from the firm in a widening fall-out from t... More »