Investors in collapsed Woodford fund to see £98m payout before end of year

Pedro Gonçalves
clock • 2 min read

Investors trapped in former star manager Neil Woodford's collapsed flagship fund are set to share a payment of nearly £100m in mid-December. The fund's administrator Link Fund Solutions told investors it had raised a further £98m in the latest sell-off of the portfolio's assets and that investors would be paid their share on or around December 11. The cash return marks the fourth tranche of payouts from the fund, which was suspended in June last year after it was overwhelmed with withdrawal requests. It was then shuttered by former star stockpicker Woodford in October, capping off ...

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