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Return of Britain s fallen star fund manager sparks concern

Return of Britain s fallen star fund manager sparks concern AFP 2/18/2021 AFP © Ben STANSALL Woodford Investment Management, which once boasted billions of pounds in assets under management, collapsed in 2019 having taken on too much risk The return of Britain s former star investor Neil Woodford has caused concern in London s City finance district, where his spectacular fall from grace is still fresh in the memory. Woodford Investment Management, which once boasted billions of pounds in assets under management, collapsed in 2019 having taken on too much risk, handing vast losses to pension funds, wealthy individuals and other fund managers. Last weekend however, Woodford, 60, shocked commentators and investors alike with news that he would establish a new finance firm.

MPs tell City watchdog to spell out timeframe for Woodford investigation

MPs tell City watchdog to spell out timeframe for Woodford investigation Regulators earlier this week insisted they are carrying out a full and thorough investigation and blamed Covid-19 for some of the delays 18 February 2021 • 9:40pm MPs have put pressure on the City watchdog to speed up its investigation into the collapse of Neil Woodford s empire following mounting criticism that it is taking too long. Members of the Treasury Select Committee urged the Financial Conduct Authority (FCA) to set out a timetable amid mounting questions over Mr Woodford s audacious comeback bid. It is likely to force the FCA to give more details on the progress of its work, after regulators earlier this week insisted they are carrying out a full and thorough investigation and blamed Covid-19 for some of the delays. 

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