Asset Management Partner Eve Ellis Quoted in Investment Week on FCA Fund Management Rules
Amid Woodford Equity Income fund’s suspension, an article published by Investment Week on June 14 titled “Regulatory questions to be asked as Woodford investors' capital value could 'plummet'” discusses how The Financial Conduct Authority may need to review existing rules governing fund management. Insights from asset management partner Eve Ellis are included in the piece. While the FCA "has rules in place for liquidity management to protect investors" the Woodford suspension "will result in further work by the regulator to review the existing rules," Ms. Ellis said. She added: "The potential issue here is the mismatch between the liquid nature of the open-ended fund product and the illiquidity in some of the underlying investments."