RC Brown picks up third purchase in Woodford fire sale

Buys IP Group at 13% discount

Mike Sheen
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Neil Woodford offloaded his stake in IP Group in September
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Neil Woodford offloaded his stake in IP Group in September

Manager of RC Brown’s MFM Primary Opportunities fund Oliver Brown has for the third time made purchases of shares being offloaded by Woodford Investment Management in the wake of the liquidity crisis engulfing the Equity Income fund.

Woodford was the second-largest shareholder in healthcare-focused firm IP Group with a 20% stake, before offloading the company in September as part of the ongoing overhaul of the Equity Income fund...

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