Woodford fund claim against adminstrators launched

Harcus Parker Lawyers representing 1, 500 savers, is suing a £18 million-pound claim against administrators of the collapsed fund of Neil Woodford, the fallen star of British stock picking, in an attempt to recoup heavy losses. The claim was filed on the third anniversary of the suspension of the Woodford Equity Income Fund, which managed £3.7bn when it was frozen on June 3^rd, 2019 after investors rushed to withdraw their money. During his 25-year career as an investment manager at Invesco Perpetual Neil Woodford carved out a reputation as a savvy stockpicker. He launched his equity fund in 2014, which was sold to investors as an opportunity to access income and capital growth. In 2017, the fund reached £10.2bn under management.