Neil Woodford’s investment empire imploded on Tuesday as the UK’s best-known fund manager was fired from his flagship fund and he walked away from his remaining two investment vehicles.
On Tuesday morning, the administrator of the flagship Woodford Equity Income Fund abandoned an attempt to relaunch the frozen investment vehicle and transferred its £3bn of assets from Mr Woodford to be liquidated.
In an initially angry response, Mr Woodford said the decision by Link Fund Solutions was “one I cannot accept, nor believe is in the long-term interests [of investors]”.
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