Jupiter's multi-manager Merlin team is understood to have sold out of its entire holding in the Woodford Equity Income fund by the end of September, having started to gradually reduce its exposure in 2015 from a peak of about £947m.
John Chatfeild-Roberts, head of Jupiter Asset Management's Merlin fund range, had already reduced exposure to the Woodford Equity Income fund across three multi-manager portfolios by £382.8m over the period...
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