Beware bespoke stock pickers who promise to beat the odds

Beware bespoke stock pickers who promise to beat the odds
Neil Woodford delivered a contrite apology on YouTube for his fund’s poor performance Photo: Alamy

Investment manager Neil Woodford’s excruciating apology on YouTube last week was of little comfort to investors unable to extract their cash from his boutique fund

Neil Woodford is a high-profile “stock picker” in the elite community of City of London and Wall Street investment managers. He made the news for all the wrong reasons last Wednesday.

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