Neil Woodford's astonishing interview with The Telegraph over the weekend and the news he is to launch a comeback fund for professional investors sent shockwaves throughout the investment industry.
It is easy to see why thousands of investors with around £200m still trapped in his former fund are furious about the interview and his plans to start over with a new vehicle. You can read the interview in full here and more about the plans here. But there are longer-term implications too for an investment industry desperately trying to rebuild trust and deal with the wider fallout from the high profile failure of the UK's most well-known fund manager. Sure, there are tears in the interview but mainly it seems for Woodford himself and a reputation that has been destroyed. There ...
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