Woodford Investment Management has sold or transferred more than £600m in stock as the beleaguered fund manager scrambles to build a cash base to meet redemptions once his currently gated Woodford Equity Income fund is re-opened.
In the week after his eponymous fund was suspended on Monday 4 June, in the face of a constant trickle of outflows that has reduced assets from over £10bn to under £4bn, Woodford immediately got to work...
Deal was announced in June this year
Departs in April 2021
Raft of portfolio management changes
Individual holdings breach limits
'Advice gap clearly visible'
A tenth of pension savers would consult an adviser
‘Fiddling while Rome burns’
P&B Wealth joins DB transfer bureau