Shamed fund boss Neil Woodford eyes return six years after his funding empire collapsed
Neil Woodford, the disgraced former fund manager, is planning a comeback six years after his investment empire collapsed.
The ex-star stock picker wrote on his financial blog that he was aiming to launch a platform called W4.0 to share ‘more strategies, more ideas and more updates’.
His boutique firm Woodford Investment Management collapsed in 2019 following a rush of withdrawals.
His fund had taken large positions in hard-to-sell shares and, as a result, was unable to meet demands from investors for their money back.
A probe by City watchdog the Financial Conduct Authority said last year that Woodford had a ‘defective’ understanding of his responsibility for the £3.7billion Equity Income Fund.
He disagrees, however, blaming the collapse of his fund partially on the effects of Brexit.
Comeback: Neil Woodford (pictured) wrote on his blog that he was aiming to launch a platform called W4.0 to share ‘more strategies, more ideas and more updates’
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