investors: The suspension of the fund affected more than 290,000 Hargreaves customers, about a quarter of the company's investors, with savings likely to be trapped for six months, according to The Guardian. Hargreaves will report results after a bad week for Woodford, the former star fund manager and favourite of retail investors. The company has been in the spotlight for continuing to recommend Woodford's equity income fund until he blocked withdrawals on 3 June. The equity income fund's administrator said it would probably take until early December for the fundto reopen as Woodford disposes of difficult-to-sell stakes. Chris Hill, Hargreaves's chief executive, issued an apology to his customers a few days after the fund's suspension. Woodford was also revealed to have sold more than half his shares in a separate publicly traded fund whose board is considering sacking him as the asset manager.
(news.financializer.com). As
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