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Was Woodford wronged?

Neil Woodford looking worried

Who else was responsible for the fund’s downfall? Why ditch Woodford now when the damage has been done? And is the fund manager being made the fall-guy for an industry-wide issue?


Neil Woodford has become the face of evil in the asset management industry. Fair enough. The investment portfolio he presided over which was once worth £15bn is set to be liquidated after a series of poor decisions have left it incapable of recovery. The once star fund manager made the fatal error of filling his low-risk income fund with high-risk illiquid stocks, which couldn’t be sold to raise cash when investors – spooked by poor performance – rushed for the exit.

Compounding the dreadful image is the fact that Mr Woodford’s company has raked in an estimated £8m in management fees…

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