Woodford returns to AJ Bell with £21m investment

Laura Dew
clock • 1 min read

Neil Woodford has made a new investment in AJ Bell via a fundraising round which ensures the Invesco Perpetual-backed platform will remain a private company.

The platform, a holding of Woodford's during his time at Invesco Perpetual, has been backed by the fund manager for the first time at Woodford Investment Management to the tune of £21m. Of this, £13m has been invested through Woodford's £6.1bn Woodford Equity Income fund, and £8m through the £800m Patient Capital investment trust, which last week joined the FTSE 250 index. Woodford (pictured) currently has 18.8% in financials in his equity income fund. The star manager originally invested in AJ Bell while at Invesco in 2007. No new shares will be issued by the platform to accommoda...

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