Image:
Woodford recently announced he would launch a Jersey-based biotech fund
Neil Woodford's proposed return to the financial services industry has been met with mixed reviews, ranging from surprise, disappointment and confusion to calls for him to be banned from managing money entirely.
Within days of the announcement in his interview with The Sunday Telegraph, the Financial Conduct Authority (FCA) and Jersey Financial Services Commission (JFSC) both released statements confirming the manager had yet to apply for authorisation from the regulatory bodies. Business owner and activist Gina Miller called for an independent inquiry into the fallout of Woodford Investment Management (WIM) in 2019, arguing the public was "losing faith" in the FCA, and Leigh Day, one of the law firms representing former investors, suggested the interview might itself be evidence of mismanagemen...
To continue reading this article...
Join Investment Week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
