Hargreaves funds recoup a further £65m from Woodford payments in 2020
Multi-manager funds had already received over £300m from first payout last January
Hargreaves Lansdown’s multi-manager funds have recouped a further £65m-worth of assets trapped in the Woodford Equity Income fund in 2020.
Investors in the six multi-manager funds that held Neil Woodford’s former fund received around £312m in the first round of payouts distributed by authorised corporate director Link Fund Solutions last January.
Since then, they have received around £22m in the second distribution in March, £27m in the third payout in August and close to £15m in the fourth round at the end of December, according to figures disclosed in the multi-manager annual accounts.