Mark Barnett, former star manager Neil Woodford’s successor at Invesco, has applied the same formula, and is struggling.
Neil Woodford made every mistake it is possible to make as a money manager. And his investors have been stiffed. But however wrong it all went, Woodford never stopped taking the fees.
Neil Woodford was once one of the brightest stars in Britain’s investment firmament. Then he came crashing down to earth. John Stepek explains what went wrong.
With Neil Woodford getting his marching orders and his funds being shut down, John Stepek explains what it means for his former empire, and for those with money locked in.
Neil Woodford has been fired from his Equity Income fund, which is now being wound up. John Stepek looks at how he got into this mess, and what it means for investors.
The Woodford Patient Capital investment trust continues to remain in limbo. Don’t bet on a turnaround anytime soon.
The price of the Woodford Patient Capital investment trust has fallen so far that you may think it looks like a bargain buy. Think again, says John Stepek.
From Neil Woodford to St James’s Place, skewed financial incentives mean investors’ well-being may not necessarily be a wealth manager’s top priority.
Worried that your manager might “do a Woodford”? Here’s what to look out for when investing in active funds.
John Stepek examines Neil Woodford’s progress in fixing his Equity Income Fund, and asks if it’s worth buying the Patient Capital Trust instead – while running his eye over an alternative trust for your portfolio.
The consequences from the Neil Woodford debacle aren’t limited to his fund’s investors. He and his ilk could pose a systemic risk to the financial system, says Merryn Somerset Webb.