Woodford 'Extremely Sorry' About Abruptly Freezing Fund Redemptions

The video features a fund manager apologizing on YouTube for closing the fund to outside investors. He explains that the decision was made to protect investor interests due to significant outflows and unfavorable redemption prices. The manager promises to keep investors informed and plans to reposition the fund for future reopening. The video also discusses the trend of financial professionals apologizing online and addresses investor concerns about the lack of specific corrective actions. Despite criticism, the manager emphasizes his commitment to transparency and investor interests.

Why did the speaker decide to close the fund to outside investors?

• To attract new investors

• To increase the fund's value

• To protect investors' interests

• To comply with legal requirements

What does the speaker promise to do after closing the fund?

• Merge with another fund

• Sell all current assets

• Keep investors informed and reposition the fund

• Invest in new assets

What is the speaker's plan for the fund in the future?

• To sell it to another company

• To permanently close it

• To open it for normal transactions when appropriate

• To change its investment strategy completely

What is the speaker's opinion on fund managers apologizing on YouTube?

• They are effective in regaining trust

• They show care but lack concrete changes

• They are unnecessary and unprofessional

• They are a legal requirement

What criticism does the speaker have about the apologies made by fund managers?

• They are too frequent

• They do not specify any changes

• They are too emotional

• They are not sincere