Legions of people who entrusted their life savings to Britain’s most feted stock-picker suffered a crushing blow yesterday as they learned his flagship £3billion Woodford Equity Income fund will be wound down. And after being fired from that main fund, Mr Woodford last night dramatically quit the other two funds which bear his name – Patient Capital Trust and Income Focus. Mr Batchelor, who lives in Ferndown, Dorset, welcomed the news Mr Woodford had been sacked as fund manager. In a statement last night, Mr Woodford, whose main home is a £13.7million mansion in Gloucestershire, said: ‘We have taken the highly painful decision to close Woodford Investment Management. Last night MPs urged Mr Woodford to hand back some of the millions he has earned to his investors.

Source: Daily Mail October 15, 2019 21:11 UTC