Neil Woodford is said to have approached prospective UK investors regarding a new vehicle to enable him to buy back some of his former unquoted investments, Sky News reported on Saturday (7 March).
The fund manager, whose business Woodford Investment Management (WIM) collapsed last year, is apparently in talks with wealth and institutional managers about a new venture. According to Sky News, a source said that any fund Woodford and his former WIM colleagues established now would be focused on professional, rather than retail, investors. Woodford in China seeking next opportunity In the report, sources said that Woodford was considering an offer for the stakes he once held in the Woodford Equity Income fund at a discount to their net asset value. It was reported by Bloomber...
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