Niel Woodford

[armsid]

Anyone you know had money invested with him? Feel sorry for those that lost money but am angry he is coming out of the woodwork to start again even though millions of pounds are still owed. Who is to blame? It is like a limited company screwing its suppliers  (who may fail with life changing  consequences for its staff) going bust and then restarting with the same boss Who pays for all this? 

[Agriv8]

It’s all legal but it stinks. 
 

he will blame accounts and underlings but he knew the risks of investing in unlisted stock market companies. This meant it was hard for anybody outside the organisation to really quantify on how the funds were really performing. His investment managers will have been taking big bonuses so will have not been bothered risking other people’s cash 
 

while people were getting good returns no one asked too many difficult questions soon as market slowed up his returns dropped and people started digging suddenly the gaps in the accounts were a bit digger than declared. 

this started bigger companies pulling money out as they were spooked which led to more losses and the spiral of decline goes into free fall.

I suspect all companies and individuals signed his terms and conditions which will state investments can go up as well down.

Atb Agriv8

 

 

[AVB]

27 minutes ago, Agriv8 said:

It’s all legal but it stinks. 
 

he will blame accounts and underlings but he knew the risks of investing in unlisted stock market companies. This meant it was hard for anybody outside the organisation to really quantify on how the funds were really performing. His investment managers will have been taking big bonuses so will have not been bothered risking other people’s cash 
 

while people were getting good returns no one asked too many difficult questions soon as market slowed up his returns dropped and people started digging suddenly the gaps in the accounts were a bit digger than declared. 

this started bigger companies pulling money out as they were spooked which led to more losses and the spiral of decline goes into free fall.

I suspect all companies and individuals signed his terms and conditions which will state investments can go up as well down.

Atb Agriv8

 

 

Always look at the fund Key Investor Information Documents (KIIDs) and Supplementary Investor Information Documents (SIID’s). They are written in plain English and explain the type of investments included in the fund and their jurisdiction. The problem is most investors don’t and just put their money into it as it had his name on the tin.