Hundreds of thousands of investors are facing huge losses after the investment empire run by disgraced fund manager Neil Woodford crumbled to dust last night. Legions of people who entrusted their life savings to Britain’s most feted stock-picker suffered a crushing blow yesterday as they learned his flagship £3billion Woodford Equity Income fund will be wound down. Savers had been locked out of Equity Income since June 3 after increasing numbers of investors pulled out their money amid concerns over Mr Woodford’s flagging performance. Legions of people who entrusted their life savings to Britain’s most feted stock-picker suffered a crushing blow yesterday as they learned his flagship £3billion Woodford Equity Income fund will be wound down He froze the fund to give himself time to sell shares so he could meet the demand for withdrawals – and it had been expected to reopen it December – but it has become increasingly clear that would not happen. And after being fired from that main fund, Mr Woodford last night dramatically quit the other two funds which bear his name – Patient Capital Trust and Income Focus. This twist followed an evening board meeting in which he was expected to be sacked…