Following a 26-year illustrious career at Invesco, and five years after setting up his own business, renowned fund manager Neil Woodford is going through what can only be described by onlookers as one of the most trying points of his fund management career.
Investors and non-investors alike knew the manager was having a tough time - performance has been dismal across his Woodford Investment Management fund range, while the significant outflows from the open-ended funds have shown no sign of abating. But not many publicly predicted this would lead to the suspension of trading in the flagship Equity Income fund despite assets falling to below £4bn, from a peak of £10bn just two years ago. Having already taken steps to reduce the size of illiquid, unquoted holdings in the fund, the heightened outflows have led Woodford and ACD Link Fund Sol...
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