Woodford's flagship Equity Income fund had been struggling with outflows which were running at a net £9mn per working day in May 2019.
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A month later Kent County Council asked to withdraw all of the £250mn it had invested with him through its pension fund and Kier Group, one of the fund's substantial holdings, announced a profit warning which prompted its shares to plummet by 40 per cent.
This triggered the suspension on June 3, 2019. Woodford was then scrambling to sell shares to improve the fund's liquidity in an effort to preempt a wave of redemptions when the fund reopened.
But on October 15, 2019 it was announced Woodford's suspended Equity Income fund, initially touted to reopen in December, would be wound down and the former star manager fired from the fund.
He then walked from his remaining two investment vehicles before confirming he had taken the decision to close Woodford Investment Management later that day.
