Investors trapped in the suspended LF Equity Income fund, formerly run by Neil Woodford, suffered a further writedown to the fund’s unquoted portfolio on Friday.
The fund's size fell around 5%, or £156m, from close of play on 16 January to close of play on 20 January, data from FE fundinfo shows. A spokesperson for Link said the writedown was due to an adjustment made in relation to the fund's unquoted assets, which account for approximately a quarter of the portfolio, impacting the net asset value (NAV) of the fund. Link said its Fair Value Pricing Committee was responsible for "ensuring the fair value of the unquoted assets held by the fund". HL faces calls to repay fees on WEIF-invested multi-manager funds - reports "In accordance wit...
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