View the article online at http://citywire.co.uk/wealth-manager/article/a751668
The Woodford Woodstock: rock ‘n’ roll funds
by Dylan Lobo on May 16, 2014 at 13:49
'It has outgrown its usefulness and policy makers are now worried about unintended consequences. The withdrawal of QE will see gap between share prices and fundamentals narrow.'
'I have never believed a fund manager should be simply recruited from the Oxbridge graduate programme. My view is flexible – I look for people who have an innate analytical talent.'
'Throughout my career I have always struggled to understand valuations. Yes Astra oozes technology but it doesn’t have someone wearing jeans and t-shirt representing it.'
'I would pack it in if I made a Horlicks of it and I am not planning to do that. I have a lot of drive and ambition.'
'How we communicate with the media and investors is really important. We won’t be doing what we did, we will be more open and accessible.
'I need to balance this with managing large amounts of money but you will know much more about what I am doing. It won’t be shrouded in mystery anymore.'
There were plenty more, but this last one is key. The mystery that was Neil Woodford has unravelled over the last few weeks.
Yes the novelty is likely to wear off at some point. But in the meantime it is impossible to ignore what is the biggest fund story in years.
And perhaps one day we’ll be making some kind of pilgrimage to a little place just outside London to hear Woodford belt out Warren Buffett’s…sorry Frank Sinatra’s ‘My Way’...
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by James Phillipps on Jul 23, 2014 at 14:34