Woodford IM to hire bankers to sell private holdings in Equity Income

The move, part of a rescue bid aimed at releasing hundreds of millions of pounds, is expected to be finalised within days, according to Sky News. PJT Park Hill, a division of the investment bank PJT Partners, is expected to consider disposals of the illiquid stakes to a single or multiple buyers. Sources told Sky News that Atom Bank and the life sciences companies Oxford Nanopore and Proton Partners were among the holdings in the Equity Income fund and that manager Neil Woodford would not consider selling the stakes at a discount. MSCI: 85% of Woodford's portfolio was illiquid E...