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Shareholder "took as much money as he could" before the fund collapses: founder of the investment company



Peter Hargreaves accuses British investment titan Neil Woodford of taking "as much money as he could" before one

Woodford "knew he was toasting and taking as much money as he could in anticipation of business termination. him, "says Hargreaves.

The Mutual Fund is Woodford's 2.9 billion pounds private equity fund prevented clients from withdrawing money from the fund after many were upset after poor market bets, The Guardian reported in June.

FILE PHOTOS: British fund manager Neil Woodford is seen in this undated image of a deal published on July 18, 2019. Jonathan Atkins / Distributing via REUTERS / File photo

The Woodford firm closed last week, The Daily reported Mail.

Hargreaves casts doubt on Woodford's ability to choose shares or to conduct due diligence in an interview with the Daily Mail.

Hargreaves is a Co-Founder of one of the largest financial services companies in the United Kingdom and is worth $ 3.8 billion, according to Forbes.

Peter Hargreaves, CEO of Hargreaves Lansdown Plc, posed for a photo in London, UK, on ​​Friday, October. 15, 2010 Photographer: Chris Ratcliffe / Bloomberg via Getty Images

Woodford blames the suspension of the fund on its authorized corporate director, an organization called Link Fund Solutions Limited. [19659003] "This is to return investors' money at the earliest opportunity," Link said of the decision in a letter to investors last week. [