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

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Beschreibung

Neil Woodford was the UK's most celebrated fund manager. Savers who invested £1,000 with him in 1988 saw their money increase to £25,000 over 25 years. At the peak of his career he was managing £33 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 £5bn 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.

Neil Woodford was the UK's most celebrated fund manager. Savers who invested £1,000 with him in 1988 saw their money increase to £25,000 over 25 years. At the peak of his career he was managing £33 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 £5bn 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 den Autor
David Ricketts
Details
Erscheinungsjahr: 2021
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: Kartoniert / Broschiert
ISBN-13: 9780857198655
ISBN-10: 0857198653
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Ricketts, David
Hersteller: Harriman House Publishing
Maße: 196 x 135 x 45 mm
Von/Mit: David Ricketts
Erscheinungsdatum: 26.01.2021
Gewicht: 0,515 kg
Artikel-ID: 119352858
Über den Autor
David Ricketts
Details
Erscheinungsjahr: 2021
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: Kartoniert / Broschiert
ISBN-13: 9780857198655
ISBN-10: 0857198653
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Ricketts, David
Hersteller: Harriman House Publishing
Maße: 196 x 135 x 45 mm
Von/Mit: David Ricketts
Erscheinungsdatum: 26.01.2021
Gewicht: 0,515 kg
Artikel-ID: 119352858
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