Costly Woodford Equity Income fund wind-up to 'drag on' for up to a year
Defunct fund's maintenance fees totalled over £184,000 a day
How will the industry recover from the Neil Woodford saga?
Woodford Investment Management (WIM) amassed approximately £24.8m* in fees during the Equity Income fund’s (WEIF) suspension.
Between 3 June when the fund was gated and 15 October when ACD Link Fund Solutions announced WEIF would be wound up, the fund took £184,034.22 a day in fees. Top fund manager Denning quits Capital Group...
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