David Fergusson and Woodside Holdings Investment Management Pte

Woodside Holdings Investment Management Pte: Investors need to see managers publicly held to account for this, meaning fired, said David Fergusson, chief investment officer of Singapore-based Woodside Holdings Investment Management Pte. Fergusson, who wouldnt disclose the size of the fund he manages, is exasperated with the company, according to Business Week. The news is a real shocker, said Richard Marwood, who helps oversee $700 billion in assets at Axa Investment Managers in London. These kind of accounting issues always shake investor confidence, but they are usually the kind of thing that occur in the smaller end of the market, not the 00. Dividend Cut Tesco Plcs overstatement of its first-half profit estimate sparked anger among investors in the U.K.s largest grocer, with one calling for heads to roll amid crass incompetence. Tesco suspended four executives while an independent probe into the accounts is being carried out, its newly installed Chief Executive Officer Dave Lewis said today. The shares plunged 12 percent to their lowest in more than a decade after the discovery of the overstatement led Tesco to cut its profit outlook for the third time in about two months. The retailer will take decisive action as the results of the investigation become clear, Lewis said. (news.financializer.com). As reported in the news.