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Neil Woodford apologises to investors for suspending fund

On YouTube, City stock-picker says decision ‘was necessary to protect your interests’

Neil Woodford has apologised to investors in his first public comments since he suspended trading in his largest fund on Monday.

Once the UK’s most renowned fund manager, Woodford said he was “extremely sorry” for taking the decision to block investors from pulling cash from his flagship Equity Income Fund – but insisted it was in their best interests.

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