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Investors hit by £120m writedown to former Woodford funds Value of stocks backed by disgraced former fund manager slashed Writedowns come as Mr Woodford attempts to relaunch his career Investors in Neil Woodford s former funds have taken a £120m hit after the value of stocks backed by the disgraced fund manager was slashed by supervisor Link Fund Solutions. Trapped investors in the failed Woodford Equity Income fund were hit with a 25pc loss on Thursday as Link wrote down the value of the remaining assets to £124m, down from £164m. That followed Link s £80m writedown to the Schroder UK Public Private investment trust on Wednesday, sending the shares 17pc lower. Mr Woodford resigned as manager of the trust, formerly called Woodford Patient Capital, in 2019 after he was sacked by Link as Woodford Equity Income s manager.

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