Woodford ‘Extremely Sorry’ About Cash Freeze in Somber YouTube Video - dailyOnews

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Wednesday, June 5, 2019

Woodford ‘Extremely Sorry’ About Cash Freeze in Somber YouTube Video



Neil Woodford, seated, leaning forward and speaking somberly, offered a video apology to clients in his flagship investment fund for abruptly suspending redemptions this week, a move that has reverberated across U.K. markets. “I am extremely sorry that we’ve had to take this decision,” Woodford, wearing a dark pullover, said in a video posted to YouTube overnight in London. “We understand our investors’ frustration. All I can say in response to that, of course, is that this decision was motivated by your interests, our investors.” More from .com: Apple Just Announced It's Selling a...

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