Woodford IM could face legal challenges with Equity Income investments set to 'plummet'

Warning from legal expert

Mike Sheen
The decision to suspend dealing alone could hurt asset value

The decision to suspend dealing alone could hurt asset value

A legal expert has warned "investors will see the value of their investment plummet" as a result of the Woodford Equity Income fund's suspension of dealing, leaving Woodford Investment Management open to legal challenges from clients.

Woodford Equity Income confirmed it suspended dealing on Monday (3 June) as a result of high levels of redemptions, but Investment Week can confirm it has not suspended the valuation of the fund's assets....

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation

FCA scraps MiFID research rules on small-caps

FCA scraps MiFID research rules on small-caps

£200m threshold

clock 30 November 2021 • 1 min read
Richard Knight and Simon Gergel

What's in your stock-ings this year?

May be an ideal time for UK stocks

Simon Gergel and Richard Knight
clock 29 November 2021 • 4 min read
UCITS and AIF assets grow in Q3

Retail investors show 'confidence' in long-term UCITS funds in Q3

H1 marked by “significant” reallocation, says EFAMA

clock 29 November 2021 • 1 min read