Investors in Neil Woodford’s flagship fund face an extra 10-day wait for their first payout as administrators try to help them cash out.
Disgraced money manager Neil Woodford and his business partner pocketed £13.8 million in dividends in the financial year before the crisis that led to the demise of his fund empire.
Neil Woodford’s last remaining fund will be taken over by Aberdeen Standard Investments (ASI), administrators have announced.
Investors in troubled manager Neil Woodford’s flagship fund will see their first payouts when it winds up early in the new year with the permission of the Financial Conduct Authority.
Investors in troubled manager Neil Woodford’s flagship fund will see their first payouts as the fund winds up in the middle of January after it won permission from the Financial Conduct Authority.
Investors will remain locked out of Neil Woodford’s smallest fund, but the administrator has confirmed meetings with potential new managers as it considers replacing the under-fire stockpicker.
The fund formerly run by under-fire manager Neil Woodford has slashed the value of its stake in a Brad Pitt-backed nuclear energy company.
A law firm investigating a possible legal case against Hargreaves Lansdown in the wake of the closure of Neil Woodford’s flagship fund has received inquiries from more than 500 investors with millions of pounds locked up.
The supervisor behind under-fire manager Neil Woodford’s funds has said it could wind down another fund after Woodford resigned earlier this month.
Asset manager Schroders is to take control of the listed fund previously managed by Neil Woodford.