Close to 100% of investors trapped in the failed LF Woodford Equity Income Fund have approved the compensation scheme under which up to $438 million will be paid by Link Fund Solutions.
The scheme of arrangement proposed by Link Fund Solutions has been approved by a significant majority of investors at a meeting held yesterday (13 December).
Investors trapped in a
collapsed fund run by former star stock picker Neil Woodford
have overwhelmingly backed a proposed redress scheme of up to
230 million pounds , the fund s authorised
corporate.