Woodford Equity Income suffers £150m writedown

Adjustment to value of unquoted assets

Woodford Equity Income suffers £150m writedown

Investors trapped in the suspended LF Equity Income fund, formerly run by Neil Woodford, suffered a further writedown to the fund’s unquoted portfolio on Friday.

The fund's size fell around 5%, or £156m, from close of play on 16 January to close of play on 20 January, data from FE fundinfo shows. A spokesperson for Link said the writedown was due to an a...

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