RE: Woodford?4 Jun 2019 09:23
Its difficult as a value investor to keep clients onside when things move against you. There are similar situations occurring currently in the fixed income as well equity space. No surprising given the headwinds investors are facing: trade wars, internal political issues in the US slowing growth globally, an over hawkish Fed , the Eurozone economic mess, Brexit , Middle East tensions and the oil price etc etc. Clients eventually run out of patience and start switching lanes as they do on the M25 as they see "better opportunities" elsewhere. Its norma top see rotation at times of peak volatility and I know for a fact right now client service execs are racking up the miles in an effort to buy time with their clients. As the saying goes " misery loves company".