Neil Woodford had humble origins, but built an enthusiastic following among retail investors by promising to make them rich. Now, they’d just like their money back.
Some people think Neil Woodford has been an unfortunate victim. But he’s no such thing, says Merryn Somerset Webb. He broke some of fund management’s most fundamental rules and his investors are paying the price.
Three ways to shield your portfolio from the fallout when a celebrity fund manager takes a tumble.
Neil Woodford’s failure isn’t just a result of poor performance, says Merryn Somerset Webb. It’s down to a failure of governance and the very structure of the fund itself.
Neil Woodford needs to build up enough cash to meet redemptions from his fund. So he’s got to sell his holdings. So is this a buying opportunity, asks John Stepek, or should you wait?
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.
With the suspension of dealing in Neil Woodford’s Equity Income fund, John Stepek looks at where it all went wrong for the “star” fund manager, and what it means for you.
Troubled fund manager Neil Woodford has suspended dealing in his Woodford Equity Income fund “with immediate effect” after a torrid few years.