Woodford Exit

This week saw Link pull the plug on the Woodford Equity Income Fund (WEIF), leading to the investment manager’s exit from its other vehicles. WEIF investors don’t know how much of the 85p current valuation will be returned to them in 2020. The Patient Capital...

Asset management at a crossroads

The role of asset management looks to be changing as fund managers lose influence and experience falling profit margins. Asset management used to be the main bit of the value chain. If investment performance was good, it didn’t matter how far removed fund managers...

What is the D2C future of investment trusts?

If investment trusts wanted to shout about the merits of the closed-ended structure, they’ve had two excellent opportunities of late, with the Woodford gating and a similar episode for several property funds following the 2016 EU referendum result. However, they’re...

Select Lists and Select Committees

With the Woodford furore well into its second week, the focus has moved onto platforms. Hargreaves Lansdown has a list of questions from the Treasury Select Committee to answer by next Tuesday. How often are select list inclusions considered and what impact do they...