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.

What reasons were given for closing the fund to outside investors?

How did the speaker express their feelings about the decision made regarding the fund?

What steps did the speaker mention they would take to keep investors informed?

What was the speaker's perspective on the investors' frustration?

What did the speaker say about the future of the fund and its management?