Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle England's Money: How One Man Made a Fortune, Lost His Investors' Billions and Changed an Industry for Ever

Owen Walker

379 évaluations par Goodreads

Langue : anglais

Edité par Penguin Business, 2021

0241468191 / 9780241468197

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Vendeur : killarneybooks, Inagh, Clare, Irlandekillarneybooks

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Vendeur AbeBooks depuis 20 avril 2017

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Etat: Occasion - Très bon

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Hardcover, vii + 241 pages, NOT ex-library. Book looks unread, clean and bright throughout with unmarked text, free of inscriptions and stamps, firmly bound. Unclipped dust jacket shows minor handling wear. -- Written by Owen Walker, an award-winning Financial Times journalist who first broke the story, the book chronicles the collapse of Neil Woodford's multi-billion-pound investment empire. It traces Woodford's trajectory from a "rockstar" fund manager at Invesco Perpetual to the 2019 implosion of his own firm, Woodford Investment Management. The narrative highlights how roughly £3.6 billion in savings from hundreds of thousands of retail investors were trapped in illiquid, high-risk assets. -- This investigative financial expose chronicles one of the most devastating investment scandals in modern British history, detailing the spectacular 2019 collapse of the country's most celebrated stock picker. The narrative traces the trajectory of a star fund manager who built a stellar reputation over two decades by reliably delivering steady returns through conservative blue-chip investments. However, upon establishing an independent firm, this strategy secretly and fatally shifted toward highly speculative, illiquid startup ventures in unlisted biotech and technology sectors. The text details the subsequent liquidity crisis, illustrating how a sudden wave of withdrawal requests forced the suspension of the flagship equity income fund. This unprecedented freeze trapped billions of pounds, effectively devastating the retirement portfolios of hundreds of thousands of everyday retail investors. Beyond individual hubris, the book functions as a scathing critique of the broader UK financial ecosystem. It exposes the systemic complicity of cheerleading wealth management platforms and regulatory oversight bodies that collectively ignored glaring warning signs to protect their own lucrative fee structures. This unvarnished exposure of structural vulnerabilities within asset management serves as a definitive cautionary tale about the dangers of unchecked financial cults of personality.

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Titre
Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle England's Money: How One Man Made a Fortune, Lost His Investors' Billions and Changed an Industry for Ever
Auteur
Owen Walker
Éditeur
Penguin Business
Année de publication
2021
État de l'article
Fine
Jaquette
Near Fine
Reliure
Hardcover
Langue
anglais
ISBN à 10 chiffres
0241468191
ISBN à 13 chiffres
9780241468197
Édition
1st Edition

killarneybooks

Inagh, Clare, Irlande

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 20 avril 2017

Frais d'expédition de Irlande vers Etats-Unis

Article6 à 7 jours ouvrés3 à 4 jours ouvrés
Premier articleEUR 33,70EUR 38,00
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All U.S.-bound orders are now shipped with UPS for reliable delivery. Additional customs or import fees are highly unlikely; however, please note buyers remain responsible for any duties or taxes that U.S. Customs may assess. -- Killarneybooks is a family-run bookshop based in the Republic of Ireland. We take pride in accurate listings, careful packaging, and prompt service - most orders ship within 24 hours. All books listed are in stock and ready for immediate dispatch - we are not dropshippers. Inquiries always welcome.

Spécialité

professional, academic, non-fiction