Link Fund Solutions (LFS) has agreed to sell "a significant portion" of the stricken LF Equity Income fund's holdings to US firm Acacia Research Corporation for up to £223.9m.
Legal claims for compensation are being considered against the Woodford Equity Income fund's (WEIF) authorised corporate director (ACD) Link Fund Solutions, which is accused of early-stage failures in the fund's collapse, a failure to act in the best...
‘Can’t list fund on a platform unless it’s daily dealing’
Concerns on liquidity and performance
LF ASI Income Focus due to reopen on Thursday
Fire sale could be forthcoming
Two largest mandates lose nearly £400m between them
Concerns surrounding risk management