Neil Woodford has returned 16 months after the collapse of Woodford Investment Management with the launch of a new investment firm, which is working alongside Acacia Research to “advise” on an illiquid and unlisted portfolio of life sciences companies once owned by the Woodford Equity Income fund (WEIF).
Woodford will serve as CIO of WCM Partners, which will be based in Buckinghamshire and Jersey, serving institutional and high-net-worth investors. Woodford investors potentially in limbo for further.
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Neil Woodford is to set up another investment firm over a year on since his flagship equity fund was shut down due to liquidity issues that left many investors out of pocket.
ACD Link refutes Woodford accusations over former Equity Income fund
Industry appetite for new fund slim
Neil Woodford s return to asset management has not been roundly welcomed
Link Fund Solutions, the authorised corporate director (ACD) of the former Woodford Equity Income fund, has hit back against manager Neil Woodford s claims that he had no role in the suspension and eventual liquidation of his failed fund.
In a statement, a spokesperson for LFS said any suggestion that Woodford Investment Management (WIM) was not aware of the possibility of suspension, or did not engage in discussions concerning the decision.
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So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Neil Woodford, the former U.K. star stockpicker whose investment firm collapsed in 2019, has said "sorry" to investors as he shared plans to make a comeback.