The suspension must be formally reviewed and investors must be told if they will soon have access to their cash. Stakes in unquoted companies – the source of most of Woodford’s woes – are harder to shift and only a handful seem to have been sold in recent weeks. Kent county council alone wants its £250m and Hargreaves Lansdown is reviewing the £600m it has invested via multi-manager funds. Neil Woodford fund was sailing close to the wind, watchdog says Read moreWoodford’s fund does not remotely look to be near that point yet. Does Woodford concede that such “regulatory arbitrage”, as Bailey called it, was underhand?

Source: The Guardian June 30, 2019 06:00 UTC