Woodford investors left in lurch one year after 'disastrous' collapse

clock • 2 min read

Next week marks a year since the initial suspension of the Woodford Equity Income Fund. One year on, and investors remain locked into the fund with no information on when or if they are likely to get the rest of their money back. On 3 June 2019 it was confirmed that Woodford Investment Management had agreed to suspend trading on the Equity Income fund amid what was termed an "increased level of redemptions." Earlier this year the same fund lost more than £150m in a day when the troubled company's shares plunged 5%. Around the same time the nearly 300,000 investors of the fund saw arou...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.