Neil Woodford Resigns and Closes Investment Business

Woodford Investment Management to close as the embattled manager resigns from Patient Capital trust and Income Focus fund

Holly Black 16 October, 2019 | 8:15AM

Neil Woodford

Fund manager Neil Woodford has confirmed he is to close his boutique fund firm Woodford Investment Management.

The revelation came as the embattled manager resigned from the running of his Woodford Patient Capital Trust late on Tuesday evening, just hours after it was announced he had been removed from the running of his flagship Woodford Equity Income fund. Woodford confirmed that he would also stand down from the running of his third fund, Woodford Income Focus, and the business as a whole would be closed thereafter. Link Fund Solutions has suspending dealing in the Income Focus fund meaning remaining investors will now have to wait for the fund to wind up before they can get any money back. 

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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