(Bloomberg) -- Neil Woodford’s clients are seeing their wealth melt away as the stock picker sells holdings in a myriad of small and illiquid companies.His flagship LF Woodford Equity Income Fund slumped 5.8% last month, missing its benchmark index by 9.5 percentage points, the biggest margin since the fund’s inception five years ago, according to data compiled by Bloomberg. Investors have no option except to watch and wait because they’re trapped in the fund, which was frozen by Woodford last month after a run of bad performance.“News of the fund’s suspension seems to have amplified some ...
(Bloomberg) -- Investors are trapped in Neil Woodford’s frozen flagship fund until further notice, and he’s still charging them thousands of pounds in fees.The former star manager shocked the financial world a month ago by halting withdrawals after a run of poor performance. On Monday, the lockdown was extended with no timeline for lifting it. Meanwhile, Woodford is pulling in 65,000 pounds ($82,000) a day in management fees while he sells off assets to raise cash.The redemption freeze has damaged Woodford’s reputation, built up over decades by correctly calling major swings in technology, ...
(Bloomberg) -- Embattled U.K. fund manager Neil Woodford raised at least 300 million pounds ($379 million) by selling down some stakes held in his flagship fund since he froze redemptions last month.Woodford shocked the financial world last month by halting withdrawals from his LF Woodford Equity Income Fund as clients demanded their money after a run of poor results. Woodford’s firm said the suspension would give him time to sell off “unquoted and less liquid” stocks in the fund’s portfolio, allowing him to meet future redemption requests.In June, Woodford sold down stakes in BCA ...
Anyone researching Bould Opportunities PLC (LON:BOU) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Investors may think of volatility...
Jay Cheatham has been the CEO of Pantheon Resources Plc (LON:PANR) since 2008. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'll look at a snap...
