Woodford’s Woes: Here Are the Investor’s Biggest Losers
- Kier, Capita down more than 80% since Woodford holdings known
- Provident Financial, Allied Minds among other large losses
Neil Woodford
Source: Woodford Investment Management
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Neil Woodford has not had much luck since going out on his own.
The suspension of redemptions from his LF Woodford Equity Income Fund on Monday comes after a tumultuous three years, in which the flagship fund fell about 6% as U.K. picks including Provident Financial Plc and Capita Plc went bad. Losses have been increasingly pronounced over the past year, which saw the fund fall about 18% amid huge declines for domestic investments such as Kier Group Plc.