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BOE set to probe Woodford-style investment risk

Jul 12, 2019 - City A.M.
Board and Executive Moves

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, which are difficult to transfer quickly into cash.

Woodford's Equity Income Fund was suspended indefinitely after a spike in redemption requests, leaving investors unable to access their money. Speaking yesterda...