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

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

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login