Neil Woodford wasn’t going to speak publicly about the implosion of his empire until the formal investigation by the Financial Conduct Authority was completed, his spinners used to say. That all went out of the window at the weekend when the once worshipped stockpicker made his bombshell comeback announcement.
In an extraordinary interview with The Sunday Telegraph, Woodford managed to come across as self-serving, self-pitying and borderline delusional.
The one thing he did apologise for is the one thing he had no need to apologise for. He said he was sorry for the two years of underperformance in the run-up to the unravelling of Woodford Equity Income, the once £10 billion fund at the heart of his empire. No one sensible blames fund managers
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2021-02-16 00:01:00Z
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