One of the U.K.’s best known money managers has suspended redemptions from his main £3.7 billion ($4.69 billion) fund, drawing fresh attention to the dilemma for investment firms that promise investors they can quickly cash out of funds that hold hard-to-sell assets. Neil Woodford, who built a formidable reputation as a canny stock picker with contrarian views over more than two decades managing money for U.K.-listed Invesco, closed the gate on his Woodford Equity Income Fund on Monday. The move was made to avoid forced selling...

Source: Wall Street Journal June 04, 2019 20:15 UTC