Under siege, investment manager Woodford faces another investment shock
Embattled UK fund manager Neil Woodford — who has controversially blocked investors from pulling out from his flagship fund to stem the bloodletting, after a slew of disappointed investors fled following a series of sour bets — is now paying the price for his actions via an investor exodus on another fund.
Hargreaves Lansdown, which has in the past sold and promoted the Woodford funds via its retail investment platform, has reportedly withdrawn £45 million — its entire position — from the investment manager’s Income Focus Fund.
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