trending Market Intelligence /marketintelligence/en/news-insights/trending/DuQJbKyngA3xiDvCyfe3zQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Frozen Woodford fund breaches cap on unlisted stocks

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19

COVID-19 Could Hamper Broadcast Ad Revenues In Q1’2020

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

Video

The Global Impact of COVID-19


Report: Frozen Woodford fund breaches cap on unlisted stocks

Neil Woodford's frozen LF Woodford Equity Income fund has exceeded a 10% limit on illiquid assets after three of its holdings delisted from the Guernsey stock exchange, Reuters reported July 31.

A spokesman for Woodford, who oversees investments at Woodford Investment Management Ltd., told Reuters in an email that efforts were underway to get back in line with the rules. The U.K. Financial Conduct Authority allows six months for portfolios to fall back into compliance in the event that the 10% limit on unlisted stocks is breached, the newswire noted.

Ombu Group was delisted from the Guernsey exchange on Aug. 1, while IH Holdings and BenevolentAI Ltd. also canceled trading of their shares on the exchange. Sabina Estates Ltd., another Woodford holding, still remains listed on the exchange, the newswire added.

The spokesman said that the delistings would not affect the management of assets within the fund, according to the report.

The LF Woodford Equity Income fund was frozen by Woodford earlier in June with investor funds locked inside to protect investors after a spike in withdrawals. The move prompted an outcry from investors unable to access their money.