Neil Woodford has reportedly sold a £42m holding in a listed retail property company to funds managed by Mark Barnett, who took over the management of his funds at Invesco when he left the group.
According to the Financial Times, Woodford has sold shares in NewRiver REIT to Barnett, at a difficult time for Woodford Investment Management's flagship equity income fund, which has suffered outflows...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow