Investors in Neil Woodford fund could lose further £1bn
(The Guardian Business News)

Hundreds of thousands of investors face huge collective loss as income fund winds upHundreds of thousands of investors locked in Woodford equity income fund could lose a third of their remaining investments by the time it is wound up, according to analysis commissioned by its administrators.It would mean investors could collectively lose another £1bn, after administrators decided to fire fund manager Neil Woodford and close the fund, which was last valued at £3.1bn. Continue reading...