Neil Woodford's flagship fund is to be shut down after administrators abandoned attempts to relaunch the frozen investment vehicle. In a major humiliation for the UK's best-known stockpicker, Woodford has been removed as investment manager of the fund, which will be renamed. The former star fund manager had planned to reopen the Woodford Equity Income Fund, but the administrator, Link Fund Solutions (LFS), said on Tuesday it was in the best interests of investors for it to be wound up. Woodford immediately hit back. "This was Link's decision and one I cannot accept, nor believe is...
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