Link adds to unlisted investment in former Woodford fund

No clarification on timeline

James Baxter-Derrington
clock • 2 min read

Link Fund Solutions has increased its investment in an unlisted US company while it conducts the winding up of LF Equity Income.

In a letter to investors trapped in the former Neil Woodford managed fund, the authorised corporate director announced it had joined with other shareholders to "make a further investment" in Mafic, a basalt fibre and thermoplastic resin producer founded in 2015. "After carefully considering all relevant information, we considered this action to be in investors' best interests; specifically, this short-term investment protected the value of the asset and maximised likely future proceeds of sale," the letter explained. Woodford investors 'must be prepared to go all the way to trial' ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: 'Diversified approach has room for both active and passive' - David Coombs

PA360: 'Diversified approach has room for both active and passive' - David Coombs

‘Volatility is your friend if you are a long-term investor’

Jenna Brown
clock 01 May 2025 • 2 min read
PA360: FOMO can 'significantly' alter investors' risk appetite

PA360: FOMO can 'significantly' alter investors' risk appetite

Albemarle Street Partners’ Charlie Parker on the social element of investing

Isabel Baxter
clock 01 May 2025 • 1 min read
PA360: Investors must understand importance of 'proper diversification'

PA360: Investors must understand importance of 'proper diversification'

‘Investors don’t have to choose a single door’

Sahar Nazir
clock 01 May 2025 • 1 min read