Link accused of letting further middleman chip into Woodford investor savings
ACD transferred eight stakes valued at £150m to Acacia Research last week
ACD transferred eight stakes valued at £150m to Acacia Research last week
But Woodford Equity Income ACD provides scant detail on when and how much money will be returned to shareholders
Authorised corporate director’s role in listing unquoted companies in Guernsey brought into the spotlight
ACD had already halved the weighting in the LF Equity Income fund last week at a 74% loss
Link Equity Income fund hasn’t signalled how the market sell-off will hit timelines for fund wind down
Eve Sleep shares are down 99% from IPO price of 101p
Deteriorating markets and prior funding commitments like Rutherford Health create uphill battle for administrators
Investors remain in the dark about timelines for the illiquid portfolio
Current Income Focus pricing effectively targets a yield of 7.5%
Tony Stenning added to ACD’s fund board
Schroders, Blackrock and Jupiter have been floated as possible replacements