Standard Life Investments to manage smaller Woodford fund

LONDON (Reuters) – British fund manager Standard Life Investments, a unit of Aberdeen Standard Investments (L:), will replace Neil Woodford as manager of the LF Woodford Income Focus fund, its administrator Link Fund Solutions said on Friday.

The 270 million pound ($351.73 million) fund was suspended after Woodford closed his firm following the collapse of his flagship 3 billion pound equity income fund in October.

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