Woodford investors face a further 12 months in limbo

clock • 2 min read

Investors in the now-closed Woodford Equity Income fund could be facing a further 12-month delay to receiving their money, the fund's administrator, Link Fund Solutions, said yesterday. Link Fund Solutions' latest update also revealed investors were having to bear costs of £15.5m in fees for BlackRock, Park Hill and the law firm Debevoise & Plimpton. One 1 September the fund's remaining assets totalled £288m yet Link Fund Solutions said it is "confident" of making a fourth distribution after a bulk of remaining assets are scheduled to be liquidated next month. Investors did recei...

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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.