jlend
Member of DD Central
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Post by jlend on Jun 4, 2019 9:53:49 GMT
Hi RateSetter Can you provide some up to date info on where the provision fund cash is held? In a previous update RS have said the following, with some of the money managed by Neil Woodford. -UK bank accounts -fixed term deposits with a maturity of less than six months, -money market funds with a rating of AAA or above; -12% with an established fund manager with a low risk remit; Cheers
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Post by ruralres66 on Jun 4, 2019 10:14:47 GMT
Good question!
"......Daniel Godfrey, an adviser to fund management groups, told BBC Radio 4's Today programme that Neil Woodford was “one of the finest fund managers that Britain's ever produced, although clearly he is having a dark and terrible moment.” He believes Mr Woodford could bounce back. “There could be a new dawn and it's not necessarily the end,” he said.
“It's clearly a very dark and difficult moment for Neil Woodford and his business and there may well have to be a hit to valuations to get rid of some of the unlisted holdings. But from there it'll still be probably a reasonably big fund.
“It could well be the case that in five years' time, we're looking at it and anyone who bought when it reopens will have had a great performance.”
But the questiin is, Can you afford to wait that long for any impact on the PF?
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Post by ruralres66 on Jun 4, 2019 10:27:34 GMT
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