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Escapees from Neil Woodford’s Equity Income Fund worked out for themselves that the once-feted stock-picker was picking a lot of duds. They fled the fund in droves, triggering the liquidity crisis, followed by the suspension of dealings and the eventual winding-up. It is still shocking, though, to see how little Woodford loyalists will get. The …
What does Hargreaves Lansdown, Neil Woodford’s former cheerleader-in-chief, make of its old hero’s decision to throw in the towel? Surely this is an ideal moment for the investment platform’s chief executive, Chris Hill, to share the “learnings and improvements” that apply to his own firm. He’s been promising to reveal the fruits of this exercise …