Woodford crisis wipes £36m off Kent County Council investment

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An official disclosure showed the council’s holding, which is trapped in the fund along with hundreds of thousands of ordinary investors was down from months ago

The crisis at Neil Woodford’s flagship fund has wiped £36m off the value of an investment by Kent County Council, according to new figures that have stoked anger among members.

 

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Who at the council will lose their job, it was clear all along this was an unacceptable risk.

Sounds like a ponzi scheme lol

No surprise it's a conservative council

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