Woodford fund debacle shows an investment industry high on hubris

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Dividend of £13.8m to founder and partner came as fund’s value was already sinking fast

Surprise, surprise. Neil Woodford, a fund manager who saw no problem in charging £60,000-a-day fees on a fund that was suspended, also thought it acceptable for him and his business partner to pay themselves a £13.8m dividend when returns for investors were on the slide.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines