Tim Steer: Why the signs were there for Woodford

Ex-Artemis manager's new book on the biggest corporate failures

Mike Sheen speaks to former Artemis fund manager, columnist and author Tim Steer about the lessons fund managers can learn from his latest book 'The Signs Were There'; the importance of audit reports; the dangers of complacency and the value of training

Tim Steer retired from fund management in 2015, departing Artemis where he managed a long/short UK growth fund. His second work as an author The Signs Were There, which was released in November 2019, looks into some of the most notorious examples of share price collapses and corporate failures of recent times, including the likes of Aston Martin, Patisserie Valerie and Sports Direct. Woodford Equity Income suffers £150m writedown Steer argues that in all of these cases, professional investors should never have been caught out, with clear evidence of trouble on the horizon in every ...