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Woodford was sacked by Link Fund Group later that year and the fund was closed. Some money has been returned to investors through the winding up of the fund and sale of assets. Mr Woodford set up the Equity Income Fund in 2014, trading on the back of 26 years of fund management success at Invesco. He was a popular and high-profile choice for investors and by mid 2017 the fund held more than 10 billion of investors’ money.
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