The closure of the Woodford Equity Income fund (WEIF) could leave investors waiting for their money for "years", with the affair likely to have ramifications for the authorised corporate director (ACD) market and regulators' future approach to fund liquidity standards, according to industry commentators.
WEIF's closure, which subsequently led to the demise of Woodford Investment Management (IM), has left investors continuing to pay fees to BlackRock Advisors and Park Hill, while the firms unwind the fund's...
Compared to 6% of 55-64 years olds
Sam Gold and Doug Abbott to take reins
Bionic advice for private clients
Creates £11bn asset management business