Daily: How Britain’s Wolf of Wall Street crashed and burned

2021-04-15

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What kind of person crashes a £3.6bn business, shattering the life savings of 400,000 people? When Britain’s most famous fund manager Neil Woodford went down in flames in 2019 it was a personal humiliation for a “rock star investor” that the City thought was infallible. Owen Walker, the FT’s European Banking Correspondent and author of Built On A Lie: The Rise And Fall Of Neil Woodford And The Fate Of Middle England’s Money tells Andrew Harrison how Woodford’s arrogance lost his clients millions – and asks whether the City has learne...

What kind of person crashes a £3.6bn business, shattering the life savings of 400,000 people? When Britain’s most famous fund manager Neil Woodford went down in flames in 2019 it was a personal humiliation for a “rock star investor” that the City thought was infallible. Owen Walker, the FT’s European Banking Correspondent and author of Built On A Lie: The Rise And Fall Of Neil Woodford And The Fate Of Middle England’s Money tells Andrew Harrison how Woodford’s arrogance lost his clients millions – and asks whether the City has learned any lessons from the debacle.

“This was a guy who could get the biggest CEOs to do his bidding”
“Journalists loved Woodford. They could create stories around him. And yes, they’re to blame for hyping him up”
“When Woodford rang up, even major CEOs would take a seat and prepare for a rollicking”

Produced and presented by Andrew Harrison. Assistant producers Jelena Sofronijevic and Jacob Archbold. Music by Kenny Dickinson. Audio production by Alex Rees. THE BUNKER is a Podmasters Production

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