Woodford fire sale continues with Irish investment firm Malin

New disclosures came Tuesday on Woodford’s latest fire sale as Malin disclosed that on Oct. 1, Woodford had sold the majority of its stake in the Irish investment vehicle to a U.S. fund.

The move comes as Neil Woodford’s Woodford Investment Management continues to reposition the portfolio of the firm’s flagship Woodford Equity Income Fund (WEIF), which was suspended in June amidst a flurry of redemptions that the fund was unable to meet. The fund’s corporate director, Link Fund Solutions, continues to expect trading in the fund to remain suspended until December. ...