Investors in the flagship fund formerly run by City star Neil Woodford have been told to expect another multimillion-pound payout, as its managers sold off another fifth of its assets.
A fund formerly run by investment manager Neil Woodford has been named the worst performer in the UK as Invesco dominated a list of the poorest funds to invest in.
Investment platform Hargreaves Lansdown has waived fees of £2.3 million over the Neil Woodford scandal after the fund was suspended last year.
Investors in Neil Woodford’s troubled flagship fund will be repaid more than £2.1 billion as liquidators managed to sell off a majority of the fund.
Investors in the troubled fund formerly run by Neil Woodford have been told how much they will receive when it makes its first payout since being suspended in June.
Investors in Neil Woodford’s flagship fund face an extra 10-day wait for their first payout as administrators try to help them cash out.
Disgraced money manager Neil Woodford and his business partner pocketed £13.8 million in dividends in the financial year before the crisis that led to the demise of his fund empire.