Link boss steps down ahead of FCA report on Woodford fund collapse
Trapped investors are still waiting to get £124m back
Trapped investors are still waiting to get £124m back
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‘We believe that this further investment was in investors’ best interests’
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‘Arguably they [Link] should have taken more time selling some of the earlier holdings’
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Neil Woodford revealed he had been in contact with Acacia Research since the summer when it agreed to purchase his former assets from Link
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RGL Management is simultaneously pursuing a claim against WEIF authorised corporate director Link Fund Solutions
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London litigator Harcus Parker says it hopes to take Link to court before the summer
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But £192m remains in the former Woodford Equity Income fund
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ACD expects to sell remaining assets to Acacia in the next few days and no later than 31 December
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Asset manager will also be rebranding its fund range following its 2019 merger
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Harcus Parker has previously enjoyed success pursuing Capita over the collapse of the Arch Cru funds
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Pacific Equity Partners and Carlyle Group offer to buy Australian parent for £1.6bn
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‘The only winners are often those able to charge fees against a fund in distress’
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