Aberdeen Standard Investments (ASI) will become the new investment manager of the LF Woodford Income Focus fund, it was confirmed on Friday (20 December).
The fund will be renamed LF ASI Income Focus and will be managed by Charles Luke and Thomas Moore, supported by the firm's 16-strong UK equity team. Administrator Link Fund Solutions said in a letter to investors that trading in the fund would continue to be suspended while ASI re-positions its portfolio. However, ASI said it expected the fund to re-open no later than February 2020. Link added that it, ASI and depositary Northern Trust Global Services SE will all waive their fees from the date of ASI's appointment, which still needs regulatory approval, until 31 May 2020. Link esti...
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