The U.K.'s most famous fund manager has been forced to wind up his flagship fund after a months-long suspension.
Since the suspension, efforts had been made to reposition the portfolio and offload substantial portions of unlisted and illiquid assets. However, the letter to investors Tuesday revealed that this had "not been sufficient to allow reasonable certainty as to when the repositioning would be fully achieved," which would allow the fund to re-open.
Adrian Lowcock, head of personal investing at investment platform Willis Owen, called the news "truly shocking." "However, investors will still be incurring high costs for the winding up of the fund, particularly selling off the illiquid assets," explained Ryan Hughes, head of active portfolios at investment platform AJ Bell.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Neil Woodford sacked as flagship Equity Income Fund to be shutNeil Woodford has been ousted as manager of his flagship LF Woodford Equity Inco...
続きを読む »
UK firms to cut costs and hiring in next 12 months - surveyProlonged political uncertainty in Britain is forcing finance directors to cut c...
続きを読む »
UK firms to cut costs and hiring in next 12 months: surveyProlonged political uncertainty in Britain is forcing finance directors to cut c...
続きを読む »
George Chambers, of Psych-Soul Pioneers the Chambers Brothers, Dead at 88George Chambers, bassist and singer for the psych-soul outfit the Chambers Brothers, has died at age 88
続きを読む »
Steve Kerr Shuts Down China Questions After Dinner with Steph CurrySteve Kerr still isn't ready to talk about China.
続きを読む »
Jennifer Aniston's Story About Being Dismissed by a Role Model Is, Sadly, All Too RelatableAt Variety's Power of Women event in Los Angeles this week, Jennifer Aniston shared a story about being harshly shut down by an adult when she was 11.
続きを読む »