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