The LF Woodford Equity Income fund was the flagship product of Woodford Investment Management. Launched in 2014, it was considered one of his most successful products.
At its peak, the Equity Income fund managed £10.2bn worth of assets, with local authority pension funds among them.
In June 2019, after a run of poor performance and massive outflows, trading in the fund was suspended. In the four weeks leading up to the fund's suspension, investors had withdrawn about £560m from it.
The fund was subsequently removed from recommended buy lists. That October, the fund - along with Woodford Investment Management - closed down for good.
Revisiting old structures and practices
Prompted by Woodford fund suspension
Reviewing a challenging H1 2019 for the asset class
Equity fund performance revealed
Woodford Equity Income fallen in value by 5%
Caught in crossfire following Equity Income fund suspension
Two breaches of 10% limit last year