Kerrisdale, the US hedge fund that made a public enemy of Neil Woodford after shorting two of his prominent holdings, is no longer making bets against companies backed by the embattled UK stock picker.

Sahm Adrangi, chief investment officer and founder of Kerrisdale, said: “We’re focused on some other stocks. A lot of Woodford’s investments are a little bit too illiquid for us. Nowadays we try to focus on some bigger companies.”