The Financial Conduct Authority (FCA) has broken its silence on Neil Woodford’s return to fund management with confirmation that it is working alongside the Jersey regulator to share information on the new venture.
Woodford's return to portfolio management as CIO of WCM Partners sent shockwaves through the asset management industry on Monday, with the former star manager taking on a portfolio of life sciences assets once owned by the now-collapsed Woodford Equity Income fund (WEIF). In a statement published on Tuesday night (16 February) FCA director of enforcement and market oversight Mark Steward said that in response to reports that WCM Partners may operate out of Jersey the regulator has been in contact with the Jersey Financial Services Commission (JFSC). "[The FCA has] agreed with [the JFS...
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