CFA UK: Woodford gating should 'cause every leader to ask questions'

Better governance needed

CFA UK has weighed into the furore surrounding Neil Woodford, saying it serves to warn all investment management leaders to better-scrutinise their activities.

Following last week's suspension of the Woodford Equity Income fund, the trade body for UK investment professionals, which also sits behind the Investment Management Certificate, said it was particularly concerning given the timing and current market conditions. Will Goodhart, chief executive at CFA UK, said: "The gating of the Woodford fund is unusual as it has not occurred at a time of market stress." The body said the gating of the fund raised wider questions around professionalism and ethics in fund management. CFA UK to introduce ESG investing qualification While it said th...