Illiquid assets held by Woodford's UK fund pose hurdle to reopening
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LONDON (Reuters) - Trading in Neil Woodford's 3.7 billion pound Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds.The fund's authorised owner, Link Fund Solutions, must update investors on whether it intends to keep the fund closed to trading at least every 28 days. The first deadline is July 1.The main reason trading was suspended was to allow time for the fund to sell its stakes in unlisted and illiquid assets. This is also..