Impact of Woodford fund suspension revealed as Hargreaves receives further blow - reports
Kent County Council pension fund also hit
Kent County Council's pension fund had a substantial allocation to the Woodford Equity Income fund. Photo: John Stratford/Flickr CC BY 2.0
Beleaguered fund group Woodford Investment Management was under the spotlight again over the weekend as it was revealed the issues with its suspended flagship fund has wiped £36m off the value of an investment by Kent County Council, while Hargreaves Lansdown and financial advisers were also under fire once again in relation to the saga.
According to an official disclosure, the council's holding was worth £224m at the end of June, down from £260m three months earlier, The Telegraph reports. The council's pension fund had a substantial...
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