Active management still alive despite Woodford’s woes
The troubles faced by legendary fund manager Neil Woodford and the decision to gate one of his UK equity funds has led to discussion over the future of active management and whether Woodford’s difficulties are a serious blow to the industry. Such talk is premature.
Woodford’s decision to suspend trading in his fund should allow him to reposition it to do better as a number of contrarian and often illiquid bets failed to pay off.In a statement, Woodford said the halt in trading would give it “time to reposition the element ...
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