4th Jun 2019 14:50
LONDON (Alliance News) - German residential property firm Phoenix Spree Deutschland Ltd on Tuesday said it is unaware of any shares held by funds managed by Woodford Investment Management Ltd.
Stockpicker Neil Woodford on Monday suspended withdrawals from his equity income fund as the fund's underperformance resulted in significant outflow of investors.
As at April 30, LF Woodford Equity Income Fund had GBP4.3 billion in assets. The equity fund is managed by Woodford Investment Management, which also manages UK-listed Woodford Patient Capital Trust PLC.
Phoenix Spree shares were flat on Tuesday afternoon at 351 pence each.
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