Neil Woodford has sold 97 million pounds of shares over the past 10 days to boos...
LONDON - Neil Woodford has sold 97 million pounds of shares over the past 10 days to boost liquidity in his suspended equity income fund, a Woodford spokesman said on Thursday.
The fund was frozen on June 3, shortly after a 263 million pound redemption request from the pension fund of Kent County Council in southern England. However the Woodford spokesman said the bulk of these filings related to stock transfers, following the firm’s loss of a mandate from wealth manager St James’s Place.
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