Woodford investors potentially in limbo for further 12 months

At the same time, the latest update revealed investors were having to front costs of £15.5m in fees for BlackRock, Park Hill and law firm Debevoise & Plimpton. As of 1 September 2020, the fund's remaining assets were £288m but Link has confirmed it is confident of making a fourth distribution after a bulk of remaining assets are liquidated in November. The fund, which was renamed LF Equity Income last year, is split into two portfolios. Portfolio A, comprising listed securities, was overseen by BlackRock and has since been liquidated. Meanwhile Portfolio B - containing unlisted and...