Neil Woodford's St James's Place fund is in line for a rapid windfall from one of its investments after Daisy Group said its chief executive was plotting a £500m bid for the company.
The former star fund manager of Invesco Perpetual, (pictured) who recently set up Woodford Investment Management, declared a stake of almost 4% in Daisy Group in May when its shares were 170p. He stands to collect a swift £2m if the deal, which is a cash offer of 190p a share, is successful, the Telegraph reports. > Read: Woodford launch sends IMA Equity Income sales to record high < Daisy Group, which has developed a reputation for being one of the most acquisitive tech businesses in Europe, said its boss, Matthew Riley, was now planning to buy the company itself. The AIM-listed...
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