Betaville

RARE ALERT: Crystal Amber Fund said to ...

Last week it was Morses Club; this week Woodford Investment Management is selling out of Crystal Amber Fund, the activist investor run by wily old Richard Bernstein.

According to people claiming to be familiar with the matter, Neil Woodford's firm just dumped some or all of its 17pc stake in Crystal Amber Fund at around 190p.

That doesn't sound too good given the shares were trading at 223p in May, closed this evening at 196p and have a Net Asset Value of 249p...

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