The City is losing its battle with Brussels and Amsterdam
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Jersey regulator: We haven t received an application from Woodford
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Hundreds of wounded investors have flocked to take legal action after fallen fund manager Neil Woodford announced a brazen comeback.
The disgraced stock-picker announced his return less than two years after the collapse of his investing empire and £3.7 billion flagship fund.
As many as 500,000 savers were hit by the crisis, and around £200 million is still stuck in his suspended Equity Income fund. Some investors have lost more than half the money they paid in.
Unwelcome return: Hundreds of wounded investors have flocked to take legal action after fallen fund manager Neil Woodford announced a brazen comeback
The former Invesco fund manager was criticised for ploughing investors cash into several illiquid investments, which are notoriously difficult to sell quickly.