The move comes months after the sacking of Neil Woodford

Standard Life Investments will now manage the LF Woodford Income Focus fund, according to Link Fund Solutions. The arm of Aberdeen Standard Investments will replace Neil Woodford, whose flagship fund collapsed in October. Regulators suspended the fund that month thanks to ongoing challenges around its liquidity. ASI will take over the $351 million fund on December 31. Link said in a statement last week that it will reopen the fund in February 2020.

“We will be reviewing with ASI whether the fund’s income yield target as stated in the prospectus remains achievable,” Link said. In addition, the firm said it will waive its fee as the authorized corporate director of the fund through May 2020.

Standard Life Investments and Woodford

ASI also announced that it plans (alongside Northern Trust Global Services) to waive its fees through the end of May.

“We recognize the issues that may have weighed on the minds of investors in the fund over the past months and we are resolute in our determination to turn things around for them,” ASI head of UK equities Andrew Millington. “We will reposition (the LF Woodford Income Focus Fund) into a focused portfolio of our favored, liquid U.K. (equities), aiming to generate sustainable long-term income growth for its investors.”

Related: Woodford Investors Might Lose One-Third of Their Money