City superwoman Helena Morrissey slams Neil Woodford's return 


‘I just cannot contemplate him coming back’: City superwoman Helena Morrissey slams Woodford’s return

Helena Morrissey thinks Neil Woodford should not return to fund managing after the damage he caused. 

The 54-year-old ‘City superwoman’ declared: ‘I just cannot understand or contemplate him coming back.’ 

Woodford left savers nursing big losses when his empire collapsed in 2019.  He sparked fury ten days ago when he announced a return with a new fund, WCM Partners. 

'City superwoman' Helena Morrissey thinks Neil Woodford should not return to fund managing

‘City superwoman’ Helena Morrissey thinks Neil Woodford should not return to fund managing

Morrissey was chief executive at Newton Investment Management for 15 years. She said: ‘I find the whole thing extraordinary. 

‘I am religious and I believe in redemption but he should not be returning to the same thing he just did.’ 

Morrissey, a mother of nine who sits in the House of Lords added: ‘Hundreds of thousands of investors lost billions. 

‘It’s soul-destroying. It gives the industry a bad image. People don’t trust financial advisers, and confidence evaporated overnight.’ 

She said there was a dangerous star management complex. ‘He took credit for everything,’ she said. 

‘He believed his own propaganda. There has been a huge lesson learnt.’ 

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