Woodford fund loses £150m in one day

Pedro Gonçalves
clock • 1 min read

Neil Woodford's former flagship fund lost £150m on Friday as shares dropped almost 5% after administrator Link Fund Solutions wrote down the value of a number of unquoted stocks in the fund's last valuation before the wind-up. Link Fund Solutions said the latest loss was due to an adjustment to the valuation of the unquoted companies in the portfolio. It did not state which of the portfolio's stocks had been marked down, The Telegraph reported. Woodford Equity Income, now renamed LF Equity Income after Woodford's sacking as manager in October, fell 4.9% on Friday. That equates to a £1...

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