Equity Income Fund Woodford

Lfs considers the winding up of the weif to be in the best interests of all investors and will enable the return of cash to investors at the earliest opportunity.

Equity income fund woodford. A law firm has pushed forward with legal action against link fund solutions for its role in the saga surrounding former star fund manager neil woodford. Harcus parker said more than 8 000 former investors have expressed interest in joining a lawsuit against the authorised corporate director acd and hundreds have already signed up according to bloomberg. Questions and answers regarding the suspension and winding up of the fund. Lf equity income fund a sub fund of lf investment fund an investment company with variable capital the fund investor communications.

On 15 october 2019 link fund solutions ltd lfs the authorised corporate director acd of the lf woodford equity income fund weif announced that it will not seek to re open the weif and instead it will look to wind up the fund as soon as practicable. Click here to begin the registration process. At its peak in may 2017 the woodford equity income fund held a record 10 7bn of investors money. Letters regarding the suspension and winding up of the fund.

However by may 2019 withdrawals were averaging 9m a day and the fund was suspended on 3 june 2019 trapping 3 7bn of investors money. Alan miller chief investment officer of asset manager scm direct has closely followed the debacle over funds managed by neil woodford left. If you hold or have held shares in the lf equity income fund formerly the lf woodford equity income fund the woodford fund either directly through an intermediary or in your sipp you may be entitled to claim for compensation. Harcus parker announced today september 1.

According to data compiled by scm the investment company run by prominent campaigner gina miller woodford had as much as 40 per cent of the equity income fund invested in assets that were not. Report and accounts and. Indeed he was one of the first to predict that many. Worse still investors still had to pay fees despite being unable to access their money.

Woodford equity income fund link has continued to consider the future of the fund over the period of its suspension from 3 june 2019 and has decided not to re open the fund and instead wind it up. They will start receiving.