Industry veteran Neil Woodford has vowed not to replicate the mistakes of other fund management houses in terms of launching fad products and lack of transparency.
The manager (pictured) of the £8bn CF Woodford Equity Income fund said his firm, Woodford Investment Management, plans to expand its product range and investment team but stressed it will take time to do so. "We will not rush into making the same mistakes as other fund management businesses," he said. "We have great ambitions, but we will tread carefully." Speaking about product development, he said: "We are not sure global equities or fixed income are sufficiently attractive to launch these products, so we will take our time in terms of growing the suite of products. "I am not in ...
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