View the article online at http://citywire.co.uk/money/article/a732949
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.
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.'
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by Michelle McGagh on Jan 29, 2015 at 05:01