Woodford fund suspension one year on: Liquidity mismatch remains 'elephant in room'

The issues and questions yet to be answered

Lauren Mason
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Woodford's Equity Income fund was gated on 3 June 2019
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Woodford's Equity Income fund was gated on 3 June 2019

"Big questions remain" as to whether the asset management industry has learned its lesson from the collapse of Neil Woodford's LF Woodford Equity Income fund this time last year, according to investment professionals, who warn that liquidity mismatches in open-ended funds remain the "elephant in the room".

On 3 June 2019, so-called star manager Neil Woodford's LF Woodford Equity Income fund suspended trading following withdrawals of approximately £560m over a four-week period, which was exacerbated by the...

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