Neil Woodford's astonishing interview with The Telegraph over the weekend and the news he is to launch a comeback fund for professional investors sent shockwaves throughout the investment industry.
It is easy to see why thousands of investors with around £200m still trapped in his former fund are furious about the interview and his plans to start over with a new vehicle. You can read the interview in full here and more about the plans here. But there are longer-term implications too for an investment industry desperately trying to rebuild trust and deal with the wider fallout from the high profile failure of the UK's most well-known fund manager. Sure, there are tears in the interview but mainly it seems for Woodford himself and a reputation that has been destroyed. There ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes