Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Richard Woolnough's £17.5m deal outstrips Pru chief's

Richard Woolnough's £17.5m deal outstrips Pru chief's

M&G bond fund manager Richard Woolnough was the mystery recipient of a £17.5 million pay reward, according to Sky News.

The deal was buried in M&G-owner Prudential's annual report, published early this week, which revealed Prudential chief Tidjane Thiam took home £8.7 million in 2013.   

Woolnough (pictured), who is + rated by Citywire, runs a range of funds for the firm that includes the £16 billion M&G Optimal Income fund.

This fund has significantly outperformed its benchmark over the last three years, returning 7.74% versus 0.89% by the benchmark in what was a tough year for bond funds.

Over three years the fund has returned 30.9% versus at 22.7% rise by the benchmark.

M&G declined to comment.   

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Commodity conundrum, beleaguered bonds and a US dilemma

Commodity conundrum, beleaguered bonds and a US dilemma

This week’s episode of Investment Pulse looks at the impact of falling commodity prices on banks, dangers of negative yield curves and whether US equities can continue to deliver.

Play Mirabaud's Pyshkin: The US will continue to grow dividends

Mirabaud's Pyshkin: The US will continue to grow dividends

The global equity income manager has invested half of his fund here.

Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Wealth Manager on Twitter