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 carefu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
