Woodford Concerns

arnoldy

dividendhero wrote: »

Me thinks the HL MM funds were starting to see redemptions and this will serve as a firebreak to stem this.



DDH yes I think you are dead right. If nothing else this sordid afair has shone the light on Woodhord, Link Solutions and Hargreaves Landsdown (including their MM funds with mediocre performance and astonishing high - and layered - charges)

talexuser

My quote of the week from HL about Focus Income :

"removing the fund from the Wealth 50 list of our favourite funds, as we no longer had conviction in the fund."

That's a good way of describing it. Presumably since Dampier left?

https://www.amazon.co.uk/Effective-Investing-simple-wealth-investing/dp/0857194674

redux

https://portfolio-adviser.com/hargreaves-red-faced-as-clients-receive-out-of-date-woodford-marketing/

redux

Johnnyboy11 wrote: »

redux is the one for that job...

I was thinking of a handful of small investment trusts in other sectors, not specifically private equity.

Private equity trusts have also been doing well for the last few years. Some are across many kinds of business (insurance brokers, digital publishers, allsorts), rather than just speculative technological startups. 3i might be one to look at for people particularly interested in that area, and with staff who might know more than Woodford, but it's been doing so well the shares are at quite a premium at the moment. (This isn't investment advice.)

Jonbvn

ColdIron wrote: »

Hargreaves Lansdown has dropped the Woodford Income Focus fund from its £562 million HL Multi-Manager High Income fund, as withdrawals from Neil Woodford's smaller fund hit £116 million in six days.

https://citywire.co.uk/investment-trust-insider/news/hargreaves-leads-stampede-from-woodford-income-focus/a1239569

Around 25% down in a bull market tells you everything you need to know.

Jonbvn

redux wrote: »

https://portfolio-adviser.com/hargreaves-red-faced-as-clients-receive-out-of-date-woodford-marketing/

It is pure madness that HL continue to send out this marketing (junk mail) via post. Does anyone even read it? However, our rabbits would like to thank HL for keeping them warm:p

Crabby

Damn, my copy has been recycled,(without reading), it will probably be a collectors item a few years.

Voyager2002

redux wrote: »

Some are across many kinds of business (insurance brokers, digital publishers, allsorts), rather than just speculative technological startups. 3i might be one to look at for people particularly interested in that area, and with staff who might know more than Woodford, but it's been doing so well the shares are at quite a premium at the moment. (This isn't investment advice.)

An interesting comment. I bought 3i some time ago, thinking of it as essentially an infrastructure trust (I regard wi-fi systems and mobile telephone as infrastructure rather than 'speculative technological startups). Has it changed direction since then?

Brian65

Jonbvn wrote: »

It is pure madness that HL continue to send out this marketing (junk mail) via post.

The fact HL have made so much money suggests otherwise.
If that doesn't work, what does?

bowlhead99

Voyager2002 wrote: »

An interesting comment. I bought 3i some time ago, thinking of it as essentially an infrastructure trust (I regard wi-fi systems and mobile telephone as infrastructure rather than 'speculative technological startups). Has it changed direction since then?

3i is a private equity investment company which runs a number of investment funds for institutional investors and holds some investments itself. You can invest in it on the stock exchange. It also manages 3i Infrastructure plc which is the company of which you're probably thinking.