Neil Woodford, seated, leaning forward and speaking somberly, offered a video apology to clients in his flagship investment fund for abruptly suspending redemptions this week, a move that has reverberated across U.K. markets.
“I am extremely sorry that we’ve had to take this decision,” Woodford, wearing a dark pullover, said in a video posted to YouTube overnight in London. “We understand our investors’ frustration. All I can say in response to that, of course, is that this decision was motivated by your interests, our investors.”
