Monday: Investors and Interests

monday: The fund and its corporate director, Link Asset Services, said in a message to investors on Monday the decision to continue with the suspension was to ensure investors' interests are protected . The statement said It affords Neil and the team the required time to execute the changes to the portfolio that we have outlined previously, in order to deliver the best possible outcomes for you, our investors, according to The Guardian. Q&A What is the Neil Woodford crisis Show Hide Who is Neil Woodford He was once the UK's biggest star fund manager, personally managing billions on behalf of pension funds and other investors at Invesco Perpetual. The Woodford Equity Income Fund which was valued at 3.7bn at the end of May will stay closed until the next review deadline of 29 July, preventing hundreds of thousands of customers from accessing their money. Then he decided to go it alone, and set up his own firm, Woodford Investment Management, in 2014. On 3 June he blocked investors from pulling their cash out of the fund after a dramatic jump in customer withdrawals after its performance went south following a series of bad stock market bets. Why has he shut his main fund The Woodford Equity Income Fund is Woodford's flagship fund, and it is understood it has several hundred thousand investors. (news.financializer.com). As reported in the news.