Woodford the winner as SJP pulls £8bn from Invesco

In a huge shake-up of its mandates, the firm has agreed a deal with Oakley Capital that will see income star Woodford run mandates for the wealth manager at his new venture, according to reports. Woodford Investment Management will run SJP's UK High Income, UK Equity and Income Distribution funds, which have around £3.65bn in AUM, according to the FT. Meanwhile Threadneedle's Richard Colwell, Stephen Thornber and Jim Cielinski will run £3.35bn for SJP via its mixed asset strategic managed funds. Woodford himself previously ran the strategic managed mandates for SJP during his time ...