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Friday, 01/08/2016 9:13:55 AM

Friday, January 08, 2016 9:13:55 AM

Post# of 822259
RE Woodford Funds

http://www.whatinvestment.co.uk/financial-news/funds/2501171/now-may-be-a-and39good-time-to-buyand39-the-woodford-patient-capital-trust.thtml

"Towards the end of 2015, one of the holdings in Woodford’s funds suffered a severe share price setback as short sellers criticised the investment. More than one observer commented that such bumps in the road are inevitable because the capital was invested so quickly, and questioned whether Woodford’s firm could have carried out the extensive due diligence required on such nebulous investments. The investment has cost the Woodford funds close to £16 million.

Read more: Neil Woodford breaks silence on US investment that has lost £16 million

Woodford Investment Management replied that they view the level of due diligence as adequate and the investment remains in the portfolio."
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