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Woodford Investment Management pays £36.5m dividend despite losing billions in assets

Jan 10, 2019 - The Daily Telegraph (London)

THE fund manager run by one of Britain's best-known investors Neil Woodford has paid out a £36.5m dividend despite several of his largest positions losing money.

Mr Woodford, who said in an interview last November that the last two years have been the toughest of his career, has seen billions pulled from his funds in recent months. However, recent filings show that Woodford Investment Management made a multimillion payout for the year to March as profits hit £41.7m.

While the firm'...