The ongoing crisis concerning the £3.7 billion LF Woodford Equity Income Fund, a UK authorised OEIC, continues to generate new developments.
One of the most intriguing is the interest of the House of Commons Treasury Select Committee into the relationship between Woodford Investment Management (WIM), the manager of the LF Woodford Equity Income Fund, and Bristol-based Hargreaves Lansdown, the UK’s biggest execution only (XO) stock broker.
On 11 June Mrs Nicola (Nicky) Morgan, the Committee’s chairman wrote to Chris Hill, Hargreaves Lansdown’s chief executive.
The letter, which is reproduced on the...
