Director at Fairview Investing Ben Yearsley has argued that Woodford shouldn’t be thought of as “culpable” as fund authorised company director Hyperlink Fund Options, because of the transparency of the supervisor.
“He advised everyone each month what he was doing”, Yearsley stated, arguing that on account of his “upfront” strategy the blame for the failings ought to lie largely with LFS, which ought to have prevented it earlier than it started.
“It mustn’t have occurred within the first place,” he stated.
He famous the adjustments Woodford made to the fund more and more moved it away from an fairness earnings product, one o…
