More than £800m worth of assets within the Woodford Equity Income fund have now been sold off as the embattled fund struggles to meet investor redemptions.
The fund's entire stake in Eurocell has become the latest victim of its hunt for liquidity after the windows and doors business reported mounting debt and flat profits last week, according to The Telegraph....
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow