Funds News 

Woodford debacle: LF Woodford Equity Income to be wound up

Woodford debacle: LF Woodford Equity Income to be wound up

LF Woodford Equity Income Fund (GB00BLRZQB71) is to be liquidated and Woodford Investment Management has, with immediate effect, ceased to be the investment manager of the fund. The fund's authorised corporate director (ACD), Link Fund Solutions, had indicated that the fund would be reopened in early December. But in an update on 15 October Link said that it had decided not to re-open the fund, which has been suspended from trading since 3 June, and instead to wind it up as soon as practicable with a view to returning cash to investors at the earliest opportunity. The fund will also be renamed as LF Equity Income.

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