hargreaves: It's annoyed the hell out of me that it would appear he Woodford has not been truthful with Hargreaves Lansdown, according to The Guardian. But it's also annoyed me that they Hargreaves Lansdown let it go on so long, Hargreaves told the Sunday Times. Peter Hargreaves, who owns 32% of the business that bears his name, blamed the company's management for the plight of savers who are now unable to get their money out of Woodford's funds. Hargreaves, most of whose 3bn-plus fortune is tied up in the investment service company, added The clients have been stuffed in this horrible Woodford fund. Woodford's flagship equity income fund blocked withdrawals in June and is not due to reopen until December, after its plunging value sparked a run of savers trying to get their money back. Hargreaves Lansdown, a FTSE 100 company, will hold the AGM at its Bristol headquarters on 10 October alongside a trading update for the three months to the end of September.
(news.financializer.com). As
reported in the news.
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