FCA probes Woodford-exposed multi-manager funds

Niel Woodford's Equity Income fund was suspended in June

James Baxter-Derrington
09 December 2019

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The Financial Conduct Authority (FCA) is currently investigating funds worth more than £15bn that have holdings in the collapsed Woodford Equity Income fund (WEIF) as it seeks to prevent a liquidity crisis.

The FCA is closely monitoring multi-manager funds that have holdings in WEIF over contagion fears for investors. At least 15 UK retail funds are invested in WEIF, including multiple multi-manager funds...

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