A valuation error has resulted in the Schroder UK Public Private (SUPP) trust overstating its net asset value, spelling fresh pain for investors of the former Woodford trust once again.
The company has been inadvertently exaggerating the value of its third largest holding since April, with the mistake only coming to light this week. FCA to impose £50m fine on Link Fund Solutions over Woodford failings In a "NAV reinstatement" released on Tuesday (20 September), SUPP said it had "identified that, due to an administrative error, the valuation its holding in BenevolentAI has been held at the valuation on the date of completion of the transaction with Odyssey and not updated for the quoted price on a daily basis since 26 April 2022". This means the trust's NAV has bee...
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