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Woodford Loses $54 Million Selling Stocks From Frozen Fund

  • Money manager took the biggest hit on shares in NewRiver REIT
  • Fund administrator Link aims to lift suspension in December
Updated on

Neil Woodford has lost at least 43.5 million pounds ($54 million) from selling some stakes from his frozen flagship fund.

The embattled money manager took the biggest hit on shares in NewRiver REIT Plc. Woodford spent about 181 million pounds building up his stake in the U.K. retail landlord, but recouped just 131 million pounds when he unloaded the shares, according to publicly available information and Bloomberg calculations. He made money on just two of 10 companies: BCA Marketplace and Oakley Capital.