Link Fund Solutions has confirmed the healthcare assets sold from the Woodford Equity Income fund were transferred to Acacia Research Corporation on 3 December, as investors were dealt a further blow by the writedown of the fund’s holding in Ombu Group.
Link said the completion of its sale of a 19-strong portfolio of healthcare companies to Acacia in June for more than £220m as part of the winding of the now LF Equity Income fund had facilitated a fourth...
Cuts fees across multi-manager range
Third highest monthly figure since 1993
Took office yesterday
Simon Evan-Cook to leave business later this month
UK-domiciled equity funds add £24.2bn
From the horse's mouth