Funds that promise investors daily liquidity for assets that fundamentally are not liquid are "built on a lie", Bank of England governor Mark Carney has warned.
Speaking to a Treasury Select Committee hearing on Wednesday, Carney said the structure of the open-ended funds "leads to an expectation of individuals that is not different than having money in a bank"....
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Link Fund Solutions (LFS) has agreed to sell "a significant portion" of the stricken LF Equity Income fund's holdings to US firm Acacia Research Corporation for up to £223.9m.
Legal claims for compensation are being considered against the Woodford Equity Income fund's (WEIF) authorised corporate director (ACD) Link Fund Solutions, which is accused of early-stage failures in the fund's collapse, a failure to act in the best...
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