Neil Woodford has set the wheels in motion for what could be a decade-long succession process to ensure the UK's most revered manager leaves behind a lasting legacy at Invesco Perpetual.
While Woodford, 50, said he intends to run his income funds for many years to come, he is in the process of building a strong investment capability with talented managers able to step into the breach when the time comes. A lasting legacy is important for Woodford and could also be crucial in ensuring the continued success of Invesco Perpetual in the future. Key-man risk is evident at a number of fund houses across the UK and none more so than at Invesco Perpetual, which has an overwhelming majority of its assets under the control of Woodford and top bond duo Paul Causer and Paul Read....
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
