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Woodford puts his name on the door of his new firm

Neil Woodford is keeping things simple as he decides he's the brand and name of his new business. 

Woodford puts his name on the door of his new firm

The new investment firm established by Invesco Perpetual star fund manager Neil Woodford will operate under his own name.

According to a filing on Companies House, Woodford Investment Management (WIM) was established last month at the same London address as Oakley Capital, the private equity house Woodford is establishing the business with.

WIM was created under the directorship of legal expert Richard Graham Catherwoord Smith (Gray Smith) and Nick Hamilton, the former head of global equity products at Invesco Perpetual, who will be Woodford's chief operating officer. Woodford has hired other former colleagues for the launch.

Oakley has said the infrastructure will be in place to allow Woodford to run retail and institutional clients’ money as soon as he joins the firm.

Steve Buttercase at Nottingham-based adviser Sense Financial Solutions said: ‘There’s an element of vanity about it, but it’s good marketing since he is one of the few fund managers who is known among the public. I understand that he wants to capitalise on that, why wouldn’t he?’

Jim Aitkenhead of Martin Bown Financial Services in Leicestershire commented: ‘Woodford has probably got the best reputation among fund managers in the UK, so why not put his name over the door. I’m all for it.'

Investors have withdrawn a significant amount of money from Woodford's Income and High Income funds, forcing Invesco Perpetual to sell shares in Rentokil and other stocks.

4 comments so far. Why not have your say?


Feb 08, 2014 at 01:16

Woodford was always placing his reputation on the line by starting all over again, so there was no point in hiding behind another name. Now, the question is- has he swallowed his own PR, or is he really that good? Having accepted the challenge; he still has the fire in his belly, and with his experience will probably beat the market.. I would bet on it.

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Feb 08, 2014 at 10:00

When up and running I wonder if his funds will be available to retail investors or will he operate funds on behalf of other companies? If he goes retail will his funds be sold via the Funds Network and other platforms especially as small houses tend to be shunned. Possibly Woodfood's funds might only be sold to wholesale investors and those retail investors who purchase funds direct. Much more detail is required.

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michael tarlowski/white eagle

Feb 08, 2014 at 10:11

he will have to avoid iliquid stocks that he has an unwise passion for,he will be pushed to outperform fund managers such as nick train and ruffer investment

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Feb 08, 2014 at 16:34

just don't mess with my shares

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