Invesco Perpetual's Mark Barnett has taken over Neil Woodford's £8.4bn Income and £13.1bn High Income funds with immediate effect, ahead of his original end-April start date.
Invesco Perpetual's Mark Barnett has taken over Neil Woodford's Invesco Income and High Income funds with immediate effect, ahead of his original end-April start date.
Members of Invesco Perpetual's sales team have left the business in order to join Neil Woodford's new venture, Investment Week understands.
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Neil Woodford is to use a three-week offer period to launch a new UK equity income fund when he joins Oakley Capital this May.
Neil Woodford's Invesco Perpetual Income fund has shed £550m in a single day, according to data from FE, as outflows from his portfolios continue.
Invesco Perpetual's Mark Barnett is to become manager of the £1bn Edinburgh investment trust as of today, taking over from Neil Woodford ahead of the latter's forthcoming move to Oakley Capital.
Neil Woodford will be assisted in his new venture at Oakley Capital Management by Nick Hamilton, formerly a head of product at Invesco Perpetual.
Craig Newman, ex-sales director at Invesco Perpetual, has moved Oakley Capital to work alongside fund manager Neil Woodford.
Neil Woodford is to join forces with investment firm Oakley Capital when he leaves Invesco Perpetual next April.