Neil Woodford's new portfolio projects it will more than triple investor capital over three years, according to a sales document that was sent to potential investors on an unsolicited basis.
WCM Partners Healthcare, Woodford's company based in the Cayman Islands, produced the pitch detailing an eight-stock portfolio comprised of six unlisted and two listed companies. The firm has yet to apply for regulatory approval anywhere in the world, but both the UK and Jersey regulators have issued statements suggesting it might be difficult to gain a green light from them, while the Cayman Islands regulator was keen to clarify no submission for approval had been received to date. When approached for comment on the figures, WCM Partners did not respond and instead removed the projec...
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