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

Analysis from PJT Park Hill

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 valued at approximately £3bn. Meanwhile, in a worst-case scenario the losses could rise to as much as 42.6% of the portfolio - a total of almost £1.3bn, The Times reports. Between the fund's launch five years ago and its liquidation last month, investors have already suffered losses of 18%. The new figures emerged as part of an analysis commissioned by the fund's authorised corporate ...