Link Fund Solutions is "considering indications of interest from several investment managers" regarding the management of the currently-gated LF Woodford Income Focus fund (WIFF) and expects a decision to be made "in the coming weeks".
In a letter to investors on Wednesday (30 October), Link said it had been "considering various options available to us" in the two weeks since WIFF was suspended, one of which included appointing an alternative investment manager to replace Woodford. The second option was to merge WIFF into another fund, with the possibility of winding the fund up as an alternative. Dealing in WIFF was suspended after Neil Woodford tendered his resignation as manager on 16 October "to protect investors from an increased level of redemptions that [Link] anticipated", which came a day after it was annou...
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