Asset Management

Hargreaves reputation at risk of long-term Woodford damage, investors say

Funds supermarket is likely to suffer long-term reputational damage, according to a poll of institutional investors

Hargreaves reputation at risk of long-term Woodford damage, investors say
Photo: Alamy

A cohort of big investors says the crisis engulfing fund manager Neil Woodford will have a long-lasting negative impact on Hargreaves Lansdown, the funds supermarket that has been one of the UK stock picker’s biggest champions.

According to a poll of 36 institutional investors conducted by Procensus, an opinion-sharing forum, 91% said the Bristol-headquartered platform’s association with Woodford will tarnish its reputation.

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