Andrew Watson, JHC

JHC comments on Woodford fallout

The fallout from the Woodford affair continues to roll on and Andrew Watson, Head of Regulatory Change at JHC comments that he has some sympathy with the problems that faced the fund.

“I am quite torn,” he says. “These are long term investments that got out of control but they were marketed to retail investors.”

Watson feels that the loss of control would have escalated sharply as withdrawals increased and, in order to meet them, the portfolio became ever more concentrated with illiquid stocks.
JHC is working with authorised trustees to give them access to more real time data.

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