Invesco Perpetual's Neil Woodford will not run any other investment trusts after taking on the £1bn Edinburgh mandate today and the group has sounded a cautious note on extra mandates he would consider in the future.
Woodford runs billions of pounds in UK money including £14bn across his Income and High Income funds. However, Edinburgh will be his only investment trust as he has agreed not to manage other vehicles as part of the deal. The move has reopened the debate about how much more money Woodford wants to run and how many other mandate he will be able to take on safely. Invesco Perpetual head of specialist funds Graeme Proudfoot says the group would not consider other mandates for Woodford up to a point but they would be judged on an individual basis. He says: “We are looking very carefully ...
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