Neil Woodford touts for institutional investors with details of eight-stock biotech portfolio
Document fishing for interest also lists a WCM Partners Healthcare (GP) Ltd at an address in the Cayman Islands
Neil Woodford’s new venture will invest in a portfolio of eight biotech stocks, detailed in a document sent to prospective investors that lists an address in the Cayman Islands.
It comes weeks after the regulator in Jersey said it would not be used as a “back door” for the fallen manager to revive his career.
Portfolio Adviser has seen a document sent by a representative of WCM Partners to prospective investors that promotes the WCM Partners Healthcare Portfolio and reveals its eight stocks and their weightings in the portfolio.
The losses, liquidations and curious ties of Link s shock Woodford investment citywire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywire.co.uk Daily Mail and Mail on Sunday newspapers.
Hargreaves Lansdown ‘playing catch-up’ with ESG additions to Wealth Shortlist
Responsible investment vehicles now make up five of the 71 fund strong buylist
Hargreaves Lansdown is looking to beef up the number of ESG funds on its Wealth Shortlist following a surge in client demand but has been called out for being late to the party.
The D2C giant announced on Thursday it would be adding the Janus Henderson UK Responsible Income and the Trojan Ethical Income funds to its revamped best buylist, lifting the number of responsible investment funds on its 71-strong shortlist from three to five.
Dominic Rowles, investment analyst at Hargreaves Lansdown, said that investing with ESG considerations in mind is “simply good risk management,” adding that investors should be looking to fill their portfolios with companies which deliver sustainable revenues, profits and dividends.
As his firm swings to £6m loss in what looks set to be its final full-year accounts
Neil Woodford and his right-hand man Craig Newman pocketed a £1.5m ($2m, €1.7m) payout in the months before his eponymous equity income fund shuttered and sparked the collapse of his funds empire.
Latest filings from Companies House show Woodford and his business partner helped themselves to one last interim dividend for the period covering April 2019 to March 2020 as their venture Woodford Investment Management swung to a loss and was forced to close.
The interim dividends were paid out to Woodford Capital, an unlimited company which counts Woodford and Newman as its sole directors. Woodford controls a 65% stake in the business, meaning he banked £975,000 of the total sum, while Woodford IM chief executive Newman bagged £525,000.
Woodford and right-hand man scooped up £1 5m payout months before fund implosion portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.