View the article online at http://citywire.co.uk/wealth-manager/article/a758799
Woodford attracts record £1.6bn for new fund
by Dylan Lobo on Jun 25, 2014 at 13:37
Others will be less mystified by the figure given the fund's backing from major platforms.
These included Peter Sleep, a senior investment manager at Seven Investment Management, who had pointed out that Hargreaves Lansdown distributes flows of around £2 billion a quarter and Cofunds around the same. He believed Woodford could easily attract 10% of this, meaning the fund could hit £500 million very quickly.
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