Total losses for Woodford Equity Income to amount to £1bn - reports

The total losses from the beleaguered Woodford Equity Income fund are expected to amount to as much as £1bn as the portfolio is liquidated, according to reports.

Analysis by PJT Park Hill, one of the firms winding down the portfolio, has revealed that investors are expected to suffer losses of 32.5% from the liquidation, amounting to around £1bn in a portfolio...