Fate of trapped investors shows little was learnt from financial crisis, says UK MP
Money manager Neil Woodford’s £3.7bn equity income fund frozen because of reliance on illiquid investments
26 June 2019 - 17:59
London — Neil Woodford, one of Britain’s best-known money managers, appears to have failed to learn lessons about risk from the financial crisis a decade ago, an MP said on Wednesday, echoing criticism by regulators of his strategy.
The £3.7bn LF Woodford Equity Income Fund was frozen on June 3 because it could not meet redemption requests and has since said it will switch to investing in larger, listed companies...
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