Hope for trapped Woodford investors as court case begins
Claims are estimated to be in excess of £100m
Neil Woodford
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Woodford fund drops £31.2m from a single holding
Benevolent AI saw its share price drop from £7.01 to £3.42 per share
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‘In dire need of an overhaul’ – the ACD system post-Woodford
One expert says it ‘feels a pretty low margin business compared to the risk of fines and compensation’
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Link sale sinks after FCA demands £356m
It is not yet clear what this means for Woodford investors
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FCA doubles down on Link with £50m fine for Woodford failings
On top of the £306m it will likely have to stump up before the watchdog will greenlight its acquisition
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Link ready to fight as FCA warns would-be buyer likely on the hook to pay £300m in redress
But no word yet on if or how it will be distributed to Woodford investors
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Shrivelling valuations make grim reading for trapped Woodford investors
There may be buyers lined up for the ‘remaining rump of firms’, but at what price compared to the valuations when the funds were suspended?
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Not a whisper of Woodford in FCA annual report
As watchdog vaunts Spac success and the £35m in consumer redress it secured
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Woodford pulls the plug on UK comeback venture
Application has been filed to strike WCM Partners from the Companies House register
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Schroder UK Public Private Trust ditches Link as AIFM
Former Woodford investment trust will instead rely on Schroder’s in-house capabilities
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Another Woodford darling collapses into administration
Investors still trapped in LF Equity Income are not affected, however, as the stake was sold in 2020
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Leigh Day and Harcus Parker team up against Link over Woodford scandal
Pooling resources and presenting a ‘united front’ is the most effective way of securing justice for beleaguered investors