The Liquidity Lessons of Neil Woodford

What lessons in liquidity can the implosion of the Neil Woodford investment funds teach investors and financial regulators?

Image of Neil Woodford, failed UK fund manager
Neil Woodford

In the first of a two-part blog, MATTHEW FEARGRIEVE describes the serious mismanagement that led to the liquidation of The Woodford Equity Income Fund, and explains the fund’s liquidity structure.