Woodford and partner took £13.8m dividend in run-up to fund crisis
About 300,000 investors have money trapped in former star stock-picker’s flagship fund
https://www.theguardian.com/bu…nds-fund-crisis-investors
QuoteNeil Woodford and his business partner took £13.8m in dividends from their investment management company last year, just months before the implosion of its main fund, which has left 300,000 investors nursing large losses.
It is understood that Woodford collected two-thirds of the dividend, which brings the total payout for the former star stock-picker and his partner Craig Newman to £112m since 2014.
At least 300,000 investors remain trapped in the Woodford Equity Income fund, which was suspended in June last year. Last month the administrators winding up the fund told investors they have lost nearly a fifth of their money and that selling the remaining assets is proving more difficult than expected.
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