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Neil Woodford: There is widespread anger over his management of the equity income fund, and his decision to take some £8.6m in fees between its suspension in June and the decision to wind it up Investors in Neil Woodford’s collapsed equity income fund have been told today what cash has been salvaged from some of … Read more
Cher’s number one hit Believe snapped up by music investment fund Hipgnosis By Daily Mail City & Finance Reporter Published: 21:51 BST, 24 January 2020 | Updated: 21:51 BST, 24 January 2020 A music investment fund has snapped up the rights to number one Cher hit Believe along with other chart-topping songs. Hipgnosis said it … Read more
Former Persimmon boss Jeff Fairburn sets up US-style fund to give some of his £82m bonus to charity By Daily Mail City & Finance Reporter Published: 22:03 GMT, 15 January 2020 | Updated: 22:03 GMT, 15 January 2020 Former Persimmon boss Jeff Fairburn will give some of his £82m bonus to charity, it has emerged … Read more
SCHRODER ASIA PACIFIC FUND: investing in the rise of the middle-classes for long-term growth By Daily Mail City & Finance Reporter Published: 21:51 GMT, 10 January 2020 | Updated: 09:46 GMT, 13 January 2020 What is it? The Asiapacific Fund, run by Matthew Dobbs since its launch in 1995, invests across the likes of China, … Read more
Fresh blow for trapped Woodford savers: Payouts from gated flagship fund delayed for a further ten days By Lucy White For The Daily Mail Published: 21:51 GMT, 10 January 2020 | Updated: 09:39 GMT, 11 January 2020 Savers trapped in Neil Woodford’s flagship fund have been hit with a further setback after finding out they … Read more
Woodford investors face a further agonising 10-day wait for what’s left of their savings as ruined fund delays payouts The first payouts are now due to start on 30 January Investors will be told the amount they will get around 28 January 2020 The equity income fund has lost 15% since investors were locked in … Read more
Buying a fund that invests overseas but mitigates negative currency moves rather than just them riding out sounds like a good idea on the face of it. But individual investors are routinely warned off using the ‘currency hedged’ versions of funds, because it involves making tough judgement calls that professionals often get wrong. Don’t fancy … Read more
JEFF PRESTRIDGE: Why trusts hold a stronger hand than other fund forms By Jeff Prestridge for The Mail on Sunday Published: 22:02 GMT, 14 December 2019 | Updated: 22:02 GMT, 14 December 2019 It remains to be seen whether Edinburgh Investment Trust’s decision to replace its fund manager in the New Year proves a shrewd … Read more
Row over ‘fake’ 17th century masterpiece lands hedge fund boss with £4.5m bill from Sotheby’s By Mario Ledwith for the Daily Mail Published: 21:51 BST, 12 December 2019 | Updated: 21:51 BST, 12 December 2019 An American hedge fund boss has been forced to pay around £4.5million to Sotheby’s after it sold a 17th century … Read more
Investment fund axes Neil Woodford protege Mark Barnett after string of weak results By Lucy White For The Daily Mail Published: 21:50 BST, 11 December 2019 | Updated: 22:10 BST, 11 December 2019 Mark Barnett, former protégé of Neil Woodford, has been fired from the £1.1bn Edinburgh Investment Trust Mark Barnett, the former protege of … Read more