Link Fund Solutions (LFS) is in the "final stages" of deciding the fate of the still-suspended LF Woodford Income Focus fund, the authorised corporate director (ACD) said on Wednesday (4 December).
In its latest 28-day review letter to investors whose investments are currently stuck in the stricken offering, Link said the fund will continue to be gated. The ACD added it is continuing to "undertake detailed consideration and analysis of the various options available to us in respect of the future of the fund". Those options currently include appointing a new manager to replace Woodford Investment Management or transferring the fund's assets into another UCITS fund. Woodford ACD Link: We acted in investors' best interests "The review of whether either of these options is in the...
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