Jupiter's multi-manager Merlin team had sold out of its entire holding in the Woodford Equity Income fund by the end of September, having started to gradually reduce its exposure in 2015 from a peak of around £947m, Investment Week understands.
John Chatfeild-Roberts, head of Jupiter Asset Management's Merlin fund range, had already reduced exposure to the Woodford Equity Income fund across three multi-manager portfolios by £382.8m over the period...
What is stopping companies making green strides?
Looks to tackle liquidity issues with retail funds structure
In talks to acquire stakes in British firms
Latest edition of the print magazine online
How to avoid using unnecessary terms