Neil Woodford’s Flagship Fund to Be Wound Up

BlackRock hired to supervise winding-down of the portfolio
Process concludes former star manager’s fall from grace

Neil Woodford’s flagship investment vehicle is getting liquidated. Bloomberg’s Suzy Waite reports.(Source: Bloomberg)

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By Lucca de Paoli and Suzy Waite

October 15, 2019 at 6:20 AM UTC

Updated on

October 15, 2019 at 8:33 AM UTC

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Neil Woodford’s flagship fund will be liquidated and the former star manager ousted, concluding a fall from grace that counts as one of the most dramatic in London’s recent financial history.

The administrator of the LF Woodford Equity Income Fund hired BlackRock Inc. to prepare the portfolio for winding down, according to a statement from Link Fund Solutions on Tuesday. Woodford ceases to be the manager.