New fund "of concern" to investors
Trading name WCM Partners reserved
WEIF investigation ongoing
Industry appetite for new fund slim
Majority of assets now sold
Relationship is 'preliminary due diligence'
Working on portfolio of unquoted healthcare investments
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...