Reaction: Woodford IM could be on its last legs

Equity Income fund to be wound up

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Reaction: Woodford IM could be on its last legs

The winding up of the Woodford Equity Income fund has been described as "a mess", and will "shake the funds industry to its core", potentially spelling the end for Woodford Investment Management, according to commentators.

The surprise decision by Link Fund Solutions to wind the fund up was in the best interest of investors, the ACD said. However, Woodford disagreed, as does Darius McDermott, managing director of Chelsea...

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