Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Neil Woodford investors get another £20m from administrator

by October 7, 2022
October 7, 2022
Neil Woodford investors get another £20m from administrator

Investors in Neil Woodford’s collapsed investment fund will receive another £20 million from its administrator but further payouts are likely to be hit by a downturn in market conditions.

After this fifth capital distribution, a total of £2.56 billion will have been distributed to investors since the start of the winding up of the fund, Link Fund Solutions said.

Rising interest rates and slowing economic growth have affected the value of companies originally backed by the fund. “Investors are reminded that the assets that remain to be sold are the less liquid assets and it is expected that some of these may not be sold before mid-2023,” the administrator’s letter said.

A large proportion of the recent writedowns in the fund come from Benevolent AI, a drug discovery company that listed in Amsterdam this year. Its shares fell from €8 to €3.91 after progress on new treatments proved disappointing and this cut the value of the fund’s stake by £31.2 million.

Woodford had been a star stock-picker but the collapse of his fund in 2019 left thousands of small investors out of pocket. The administrator, Link, must respond this week to a draft warning notice from the Financial Conduct Authority over its “failings in managing the liquidity” of the Woodford fund, a view with which Link disagrees.

Read more:
Neil Woodford investors get another £20m from administrator

0
FacebookTwitterGoogle +Pinterest
previous post
BIDEN ECONOMY: Biden’s War on Oil and Gas Is Costing the US Nearly $100 Billion a Year in Lost Output
next post
Catalogue firm Easylife fined for using shoppers’ habits to predict health issues

You may also like

Almost half of workers would turn down a...

October 30, 2023

New London Grand Prix stars in docks regeneration...

March 14, 2023

  From Exploration to Science: Innovative Technology and...

May 18, 2023

Bitcoin smashes $106,000 barrier as Trump hints at...

December 16, 2024

SMEs fear winter supply chain crunch could hit...

October 23, 2023

Digital Transformation waste bill expected to be $2...

November 28, 2023

Harrell E. Robinson on Building Global Healthcare from...

June 15, 2025

Easing pressure on shop prices has sparked hopes...

April 30, 2024

The Science Behind Leisure and Cognitive Health

May 17, 2025

Laser Eye Surgery- Life without Contact Lenses and...

December 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • One in six UK workers struggling to pay bills as second jobs hit record high

      July 12, 2025
    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • Inside longtime Biden aide’s marathon closed-door grilling in House GOP cover-up probe

      July 12, 2025
    • David Gergen, trusted White House advisor to 4 US presidents across decades, dies at 83

      July 11, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025

    Categories

    • Business (8,455)
    • Investing (2,118)
    • Politics (16,011)
    • Stocks (3,205)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved