Bank of England to probe risks of Woodford-style funds

City A.M. | Jul 11, 2019 at 1:32 PM
  • The Bank of England will investigate the potential risks of funds like beleaguered trader Neil Woodford’s suspended investment vehicle.
  • Fund managers are currently able to offer investors daily liquidity when their savings are actually tied up in illiquid and unquoted stocks.
  • Woodford’s Equity Income fund was suspended indefinitely after a spike in redemption requests, leaving investors unable to access their money.