The administrator of Neil Woodford’s failed investment fund has come under fire over its handling of a deal to sell a group of the fallen stockpicker’s healthcare stakes for £224 million.
Link Fund Solutions said that it had agreed to sell 19 of the assets held in Mr Woodford’s crippled Equity Income Fund to Acacia Research Corporation, an American company focused on life sciences and technology patents.
Link, which did not identify the investments that it had sold or say when it would return the proceeds of the sale to investors, gave scant details on the deal and warned that it could take up to six months to complete.
It also risked disappointment over the price that its advisers secured for the stakes. Link said
