A large portion of the remaining assets in Neil Woodford’s defunct flagship fund have been sold to a US-based investor for £224m — a year after savers were barred from making withdrawals.

Link Fund Solutions, the administrator overseeing the sale of remaining assets in Woodford’s Equity Income fund, said on 5 June that it had struck a deal with Acacia Research Corporation to offload its holdings in up to 19 healthcare companies.