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Link says it was unaware of Woodford’s relationship with Acacia

Fund administrator says it only became aware of Woodford’s relationship with Acacia last month

Neil Woodford
Neil Woodford Photo: Alamy

The firm responsible for winding down Neil Woodford’s now defunct flagship fund says it was unaware of the relationship the former star stock picker had with Acacia Research — the US-based investor to which it sold a chunk of his holdings last year.

Link Fund Solutions, which acted as the authorised corporate director for Woodford’s Equity Income fund, struck a deal with Acacia in June to offload stakes in around 19 healthcare companies.

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