Hedge Fund News From HedgeCo.Net

Under Fire Fund Manager Woodford in Scramble to Sell Stakes

(Reuters) British money manager Neil Woodford cut his stakes in at least 21 companies this week as he frees up cash to meet a rush of redemption requests that forced him to suspend his flagship fund. Woodford, one of Britain’s best known investors, froze his Equity Income Fund on Monday as too many people were asking for their money back after a number of his top investments turned sour.

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