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

AI cash boom masks rise of ‘zombiecorns’ as...

May 21, 2025

Nissan pledges to go fully electric in Europe...

September 25, 2023

BT backs Altitude Angel to be UK’s global...

January 5, 2023

SMEs growth opportunities at risk without government attention

November 20, 2023

Building a Budget Gaming PC in 2025: The...

December 20, 2024

Closure of Staffordshire custard factory puts 300 jobs...

January 20, 2023

Economy set for 5% hit if interest rates...

October 21, 2022

Why Small Business Financing is Evolving Beyond Traditional...

November 4, 2024

UK firms are cutting ties with China amid...

July 31, 2022

Real Estate for Expats: Understanding Property Laws in...

February 27, 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

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • 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