Woodford Internet Nemesis Claims Vindication
Blogger Winnifrith says money manager’s decision to freeze withdrawals bears out years of criticism over investment strategies
Photographer: Shaun Curry/REA via Redux
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It began two years ago as a skirmish made for the social-media age: a renegade blogger badgering a pillar of the establishment who had made his name over decades of investing other people’s money.
In this week’s stunning conclusion, it turned out the heckler was right: celebrity U.K. money manager Neil Woodford froze redemptions from his flagship fund to prevent its collapse. In the aftermath, some of his biggest clients walked away and he faced widespread criticism.