UK Equity Income

Took over from Koch in October

Hurt by raft of share price falls

Falls of as much as 70%

Reduced holding gradually over time

Worked at OMGI for eight years

Political and market shocks

More pain for Woodford's portfolios

Initially considered earlier this year

The current stockmarket cycle, which began in the depths of despair in March 2009, is now the third longest in history.

Four funds fall to Grey List amid IA sector shake up