June 11, 2019 / 10:25 AM / a month ago

Woodford rejects calls to waive fees for suspended fund

LONDON, June 11 (Reuters) - Neil Woodford’s asset management firm said on Tuesday it won’t waive fees for investors in its suspended flagship fund, rejecting calls from its regulator and lawmakers.

“The company will continue to charge the fee as the fund remains actively managed and we focus on repositioning the portfolio,” a spokesman for Woodford Investment Management said.

Reporting by Huw Jones, editing by Carolyn Cohn

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