The departure of Harris, the boss of Circassia Pharmaceuticals and an ally of Woodford, will likely be seen as a fresh blow for the stockpicker, whose Equity Income
fund was suspended in June.
Woodford Patient Capital has been considering whether or not to replace Neil Woodford as its portfolio manager, after the star fund manager suspended withdrawals from his open-ended equity income
fund in June.
Global Banking News-August 21, 2019-First Trust Dynamic Europe Equity Income
Fund announces September distribution of USD0.121 per share
Woodford released a statement on June 4 informing investors of the status of the LF Woodford Equity Income
On a YoY basis, earnings were down 7.4% with lower equity income
(down 48.5%YoY) and lower provisioning reversal income being the key dampeners.
Fund manager Neil Woodford's flagship Equity Income
fund will remain gated to investors for more than four more months.
First Trust Dynamic Europe Equity Income
Fund (NYSE:FDEU) reported on Tuesday that it will pay a scheduled monthly common share distribution of USD0.121 per share for August 2019.
Trading in Woodford Investment Management (WIM)'s largest fund - the Woodford Equity Income
(WEI) fund - was suspended on June 4 after large withdrawals by many investors.
A FORMAL investigation has been launched by the City watchdog into Neil Woodford's suspended equity income
fund in the latest blow for the under-pressure investment guru.
The equity income
fund was suspended on June 5 preventing investors from withdrawing their cash after millions of pounds had previously been taken out following a run of poor results.
It was investor demand that led Baillie Gifford to launch its Responsible Global Equity Income
fund last month (April).
An equity income
manager has quit Goldman Sachs Asset Management (NYSE: GS).