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When the Fund Stops David Ricketts

When the Fund Stops von David Ricketts

When the Fund Stops David Ricketts


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Zusammenfassung

This book tells the dramatic untold story behind Neil Woodford's stunning rise and fall, and reveals why his multi-billion-pound investment empire really collapsed in such an abrupt and catastrophic manner.

When the Fund Stops Zusammenfassung

When the Fund Stops: The untold story behind the downfall of Neil Woodford, Britain's most successful fund manager David Ricketts

Neil Woodford was the UK's most celebrated fund manager. Savers who invested GBP1,000 with him in 1988 saw their money increase to GBP25,000 over 25 years. At the peak of his career he was managing GBP33 billion for hundreds of thousands of investors. When he started his own fund management company in 2014, within just a few weeks it had attracted GBP5bn from his loyal fan base, including some of the City of London's biggest hitters. Life was good. Away from work he was collecting high-performance supercars and chunky designer watches; he was rarely out of the saddle of his favourite horse. The BBC called him the "man who can't stop making money". And then it all came to a sudden stop. This book tells the dramatic untold story behind Woodford's stunning rise and fall, and reveals why his multi-billion-pound investment empire really collapsed in such an abrupt and catastrophic manner. In a fast-moving and compelling narrative, reporter David Ricketts takes readers inside the rooms where extraordinary sums of other people's money were wagered, trapped and, ultimately, lost, in a scandal still sending shockwaves through the world of finance. Thanks to unique and unprecedented access to the most important players, we meet an eccentric cast of characters and go inside the institutions involved, from Woodford's own firm to those that made huge sums endorsing him - as well as those who failed to raise the alarm before it was too late.

Über David Ricketts

David Ricketts is an experienced financial journalist and has covered the fund management industry for more than a decade. He is asset management correspondent at Financial News, the Dow Jones-owned publication based in London where has worked since 2017. He began his career as a reporter at the Financial Times Group just before the onset of the global financial crisis. This is his first book.

Zusätzliche Informationen

GOR011185731
9780857198655
0857198653
When the Fund Stops: The untold story behind the downfall of Neil Woodford, Britain's most successful fund manager David Ricketts
Gebraucht - Sehr Gut
Broschiert
Harriman House Publishing
2021-01-26
208
N/A
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