'Inevitable' but the 'right decision': Industry reaction to the closure of Woodford IM

'Inevitable' but the 'right decision': Industry reaction to the closure of Woodford IM

The decision by Neil Woodford to announce the closure of Woodford Investment Management was "inevitable", as investors await news of what will happen to his two remaining investment vehicles. Link Fund Solutions on Tuesday morning sacked Woodford from managing the LF Woodford Equity Income fund and said it would be wound down. Woodford responded by saying that was a decision "I cannot accept" before quitting both Woodford Income Focus and Woodford Patient Capital (WPCT) and shutting his b...

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