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Investors in collapsed Woodford fund face further wait as asset sale drags on

Nine companies worth £124m are left to be offloaded in Equity Income, but it could be next year before they are sold

Neil Woodford's Equity Income fund, which at its peak in May 2017 managed £10.2bn in assets, shrunk to £3.7bn in June 2019 following a run of poor performance and heavy investor withdrawals
Neil Woodford's Equity Income fund, which at its peak in May 2017 managed £10.2bn in assets, shrunk to £3.7bn in June 2019 following a run of poor performance and heavy investor withdrawals Photo: Alamy

The administrator overseeing Neil Woodford’s former Equity Income fund has said there are just £124m of assets left to be sold, but indicated it could be next year before cash is returned to investors.

In an update to investors on 2 August, Link Fund Solutions said nine companies are left to be offloaded in the former best-selling fund, including holdings in Atom Bank, Benevolent AI and Rutherford Healthcare.

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