More realistic curbs on investors wanting to pull cash from funds could make inv...
LONDON - More realistic curbs on investors wanting to pull cash from funds could make investing in infrastructure more attractive and bolster economic growth, a senior Bank of England official said on Monday.
The Woodford fund was unable to meet heavy demand from investors wanting their cash back even though it advertised itself as offering daily redemptions. “So the unlevel playing field could have been a barrier to greater investment in patient forms of capital, a central tenet of the government’s framework for raising productivity,” Brazier said in a speech in Edinburgh.
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