Woodford fund suspended, TAM clients unaffected

TAM clients need not be concerned regarding the prominent position in the press this week of Neil Woodford's LF Woodford Equity Income Fund being suspended. TAM's portfolios hold no positions, nor have ever held any positions in the Fund. Woodford's fund was suspended this week as sustained and growing investor redemptions from the Fund risked not only the strategy's investment parameters being breached, but also the ability to obtain suitable outcomes for investors. Whilst TAM does not invest in the Fund, we remain aware of the risks posed by funds with poor liquidity and as such have released an investment note on the subject which can be accessed via the Research and Insights section at www.tamassetmanagement.com