Neil Woodford closes crisis-hit investment empire

Neil Woodford closes crisis-hit investment empire

Image copyright Reuters

The UK’s best-known stockpicker is to close his remaining investment funds, signalling the end of his multi-billion-pound empire.

Neil Woodford was sacked from his flagship fund early on Tuesday, and has now announced he will close the last two funds.

He described it as a “highly painful decision”, adding that the funds would be wound down in “an orderly fashion”.

Mr…

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