Woodford argues responsibility for liquidity failings lies with Link Fund Solutions

Refutes FCA findings

James Baxter-Derrington
clock • 2 min read

Neil Woodford and Woodford Investment Management have challenged the Financial Conduct Authority’s findings related to liquidity failings, arguing the issues lay with Link Fund Solutions.

Jointly represented by WilmerHale and BCLP, the manager and fund house argued the findings are "unprecedented and fundamentally misconceived". This morning (11 April), the regulator revealed it had issued warning statements against the parties on 19 February 2024, arguing WIM had made "unreasonable and inappropriate investment decisions". The FCA also said Woodford had "a defective and unreasonably narrow understanding of his responsibilities", among several other liquidity-related concerns. FCA issues warning notice to Neil Woodford and WIM over liquidity failings In response,...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week