Woodford analysis suggests investors may lose a third of their money
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LONDON (Reuters) - Investors in British money manager Neil Woodford's flagship fund could lose more than 1 billion pounds, four times more than had it reopened in December, according to estimates made by his firm before the shock closure of the fund. The 3 billion pound LF Woodford Equity Income Fund, backed by more than 300,000 investors, many of them small savers, failed because its exposure to hard-to-sell stocks meant it could not meet a flood of redemption requests after a phase of..