Woodford Investment Management has sold or transferred more than £600m in stock as the beleaguered fund manager scrambles to build a cash base to meet redemptions once his currently gated Woodford Equity Income fund is re-opened.
In the week after his eponymous fund was suspended on Monday 4 June, in the face of a constant trickle of outflows that has reduced assets from over £10bn to under £4bn, Woodford immediately got to work...
To tackle liquidity issues
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