What Neil Woodford’s crash landing means for your money

This week, former star fund manager Neil Woodford shocked markets by “gating” his flagship fund. John Stepek and Sarah Moore look at what went wrong, while Max King looks at how Woodford’s former colleagues are getting on now.

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"A bonfire of reputation and a terrible moment for investor confidence" is how one "veteran" fund manager described it to the Financial Times this week. "I can't remember anything quite like this," another manager, Peter Walls of Unicorn Mastertrust, told Citywire. They were, of course, referring to the "gating" of Neil Woodford's flagship Woodford Equity Income Fund this week, which left investors large and small (including Kent County Council) unable to withdraw their money until further notice.

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