Leading UK fund manager
Neil Woodford is founding partner of Woodford Investment Management and a leading UK fund manager. He began his career with the Dominion Insurance Company and in 1987 became a fund manager with Eagle Star, then moved to Invesco Perpetual in 1988. Woodford ran the Invesco Perpetual Income and Invesco Perpetual High Income funds, with £10.36bn and £13.64bn in assets respectively.
In April 2014, Woodford left his role as head of UK equities at Invesco to set up Woodford Investment Management. In April 2015, he launched Woodford Patient Capital Trust, a large listed investment trust.
Following the success of the Woodford Equity Income Fund, Woodford IM launched CF Woodford Income Focus in April 2017, with a higher yield target of approximately 5%. In 2012, Woodford was appointed a CBE for services to the economy.
Fallout from fund suspension continues
Can't transfer between share classes
Customers can switch from Hargreaves Lansdown
Employs 45 across the business
Participates in 'large stake' buyout of Ten Entertainment
Data from Procensus poll
This month: Pictet Asset Management’s Shaniel Ramjee
Could damage active management industry
Research following Woodford gating
'Catching a falling knife?'
Changes to fund boards not enough to make a difference
Working 'day and night' on strategy
Shares still not a 'buy'
Revisiting old structures and practices
Among a number of measures in response to shareholders
Prompted by Woodford fund suspension
Hargreaves Lansdown's Wealth 50 under the spotlight
Changes to regulation needed
Aimed at releasing hundreds of millions of pounds
UCITS rules need changing
Odds have widened to 2/1
Some managers still pinning hopes on manager
Managers fear suspension has damaged industry reputation