£250m in limbo as second Neil Woodford fund frozen

Administrator closes Income Focus fund to withdrawals to prevent run on its assetsA second investment fund set up by the failed stock picker Neil Woodford has been frozen, locking up more than £250m of savers’ money.The administrator, Link Fund Solutions, said it had closed the Income Focus fund to withdrawals to prevent a run on its assets. The fund’s value has halved to £252m since June, when Woodford’s flagship Equity Income fund was suspended. Continue reading..