Neil Woodford has not had a great month! With the closure of his flagship fund and the loss of his key Client, St James’s Place, things have gone from bad to worse. At its height, his flagship fund was worth £10.2bn, now reduced to below £4bn – a result of underperformance that saw big hitters heading for the door in droves, to the tune of about £9m per day!
Opinions are divided over Neil; he is the Marmite of the financial world – his supporters adore him, but those who do not agree with his methods or strategies deplore him absolutely. No matter your opinion, some of the “goings on” are certain to raise eyebrows.
A number of our Clients have asked if there is a risk to their investments with True Potential following the news that one of the UK’s most high-profile stockpickers has suspended trading in his largest fund as rising numbers of investors ask for their money back.
We would like to assure our Clients that we have no Client funds invested in this fund. However, if the recent news articles are causing you to worry, please do give us a call on 01489 877 547 and we can arrange for one of our Advisors to talk to you.
You can read the full news article on this issue at BBC News