Woodford Investment Management

ShareSoc Launches Woodford Campaign

This is an official ShareSoc News item written by ShareSoc Director Cliff Weight Update 1, 19 Nov 2020, SHARESOC LAUNCHES WOODFORD CAMPAIGN  Our primary objectives are: to help Woodford investors seek compensation for their losses to ensure that those who contributed to those losses through action or inaction are held to account to bring about changes in the regulations and regulatory enforcement to ensure this type of scandal does not happen again We are pleased that several legal initiatives have surfaced with the intention of investigating ...

Directors’ and Fund Managers’ Pay is Excessive

On the latest data, the pay of FTSE-100 CEOs has fallen slightly. A report from the CIPD and High Pay Centre notes that the average pay has fallen from...

PE Will Eat Itself

How private equity has devoured public markets and is now devouring itself One of the key causes of the Woodford implosion was the number of illiquid, unquoted holdings in...

Woodford Fund and Trust News

The good news for investors in the Woodford Patient Capital Trust (WPCT) is that Schroders are taking over management of the portfolio.  The share price promptly jumped upwards on...

Telegraph, 22 October 2019, FCA not reviewing their handling of Woodford

Mark Northway, chairman of retail investor group ShareSoc and himself a holder of stock in Woodford's Patient Capital Trust, said: "There is a suggestion the regulator was asleep at the wheel, and therefore there is an onus on them to be transparent about the process they went through and the timing." see https://www.telegraph.co.uk/business/2019/10/21/demands-treasury-review-watchdogs-handling-woodford-saga/  

Woodford, Buffett Bot and FRC Survey

There was a very good article in the FT on Saturday on the “rise and fall of a rock star fund manager”, i.e. Neil Woodford. Essential reading for those who...

Woodford and Hargreaves Lansdown

To follow up on my previous blog post over the collapse of Woodford Investment Management and how to avoid dud managers, the focus has now turned in the national...

Financial Times, 18 October 2019, Angry investors count the cost of Woodford collapse

David Stredder, a private investor and director of ShareSoc, is quoted in this extensive FT article on the Woodford saga.

Woodford Closing Down and How to Avoid Dud Managers

No sooner had I suggested that Neil Woodford should retire after his management company was fired from looking after the Woodford Equity Income Fund (see my personal blog article...

Woodford, FCA, Asset Management

Today the FT reveals that the FCA have launched an investigation in the Woodford Equity Income Fund. Last night in the Evening Standard, Anthony Hilton estimated that only about 200,000 people were invested in Woodford funds, and added "so why all the fuss". I think it is about trust. Most people in the UK do not trust business. For example, it does not help public levels of trust when Woodford takes a £36m dividend (from Woodford Investment Management Limited year end March 2018 ...