Ex-Invesco sales director Newman joins Woodford at new firm

Woodford (pictured) - who is leaving Invesco next April - will use Oakley's infrastructure to support his new venture, details of which are still under wraps. The manager will join Oakley Capital on 1 May 2014 and manage both retail and institutional client money. Newman, who spent more than a decade working alongside Woodford, has already joined as head of retail asset management in order to get preparations underway for the new venture. Speaking to Investment Week, Newman said Oakley intends to establish itself in the retail space. "Oakley's intention is to set up a retail ass...