iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,896 Blog Posts

A Word from Neil Woodford: YOUR FUNDS ARE SAFU; BUT YOU CANNOT HAVE THEM

Here you go — fuck off already. Market goes down for a week and this moron’s $10b dollar equity income fund is freezing redemptions. The logic is shit tiered. He claims other people are running down his stocks because they know he’s getting slammed by redemptions. His fund is down 7% for the year. The Exodus Quant is +18.3%.

At any rate, the Britcuck goes on to lament his disposition and promised to redeploy assets IN THE SAME MANNER BEFORE, the manner in which yielded a -7% YTD return, but in more liquid securities — shit in the FTSE 350 or even 100!

There you have it folks.

If we ever really go down, the world is going to burn with redemptions.

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2 comments

  1. irma vep

    Sounds like Purgatory.

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  2. doubleplus

    Hey, good to see him log on in his fucking running clothes. That’s confidence-inspiring.

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