A UK star fund manager Neil Woodford's fall from grace equity fund has been shut down
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The fall from grace for Neil Woodford, once the UK's best-known stock pickers, reached a climax on Tuesday after the fund was shuttered.
Woodford will cease control, and the call has been made to "wind it up as soon as practicable," the statement said. "This is with a view to returning cash to investors at the earliest opportunity."The fall from grace for Neil Woodford, once known as the UK's best-known stock picker, has climaxed on Tuesday with an announcement that he will cease control of the fund and it will be wound down.
Earlier this year, in June, Neil Woodford slammed his equity fund shut after a series of bad stock picks over 22 months led to billions flowing out of the fund. But after the fund made the decision to move into thinly traded, non-public, and unlisted companies, the fund shrank to just under £4 billion .
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