The suspension of the Woodford Equity Income fund following mass redemptions and underperformance has left the UK investment market reeling.
The suspension of the Woodford Equity Income fund following mass redemptions and underperformance has left the UK investment market reeling. Once boasting AUM in excess of £10bn, the manager Neil Woodford is adjusting the portfolio to open up liquidity for investors. Since the suspension, Treasury Select Committe chair Nicky Morgan has asked the FCA and Hargreaves Lansdown a number of questions, and their responses have revealed a huge amount of dialogue in the lead-up to the suspension. Starting with the fund's 2014 launch, Investment Week looks at how it got to this point.
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