Neil Woodford
Neil Woodford | |
---|---|
Born |
Neil Russell Woodford |
Nationality | British |
Alma mater |
University of Exeter London Business School |
Occupation | fund manager |
Known for | founder and CEO, Woodford Investment Management |
Neil Russell Woodford CBE (born March 1960) is a British fund manager and the founding partner of Woodford Investment Management.[1]
Early life
Woodford was born in March 1960.[2] He graduated in Economics and Agricultural Economics from the University of Exeter in 1981.
Early career
Woodford began his career with the Dominion Insurance Company. In 1987 he became a fund manager with Eagle Star, then moved to Invesco Perpetual in 1988. He has also pursued postgraduate studies in Finance at the London Business School.[3]
Invesco Perpetual
Woodford ran the Invesco Perpetual Income, and Invesco Perpetual High Income funds, with respectively £10.36 billion[3] and £13.64 billion in assets.[4] Woodford was vocal over the 2012 proposed merger between British defence company BAE Systems and EADS, the European aerospace group, warning that unless there was a “substantial change” in BAE’s strategy, Invesco would have to consider “all options open to us”.[5]
In September 2013, Woodford criticised Labour's energy prices policy as shares in Centrica and SSE fell. A million small investors were affected by the fall due to fears over Labour plans to cap energy prices after the next election.[6]
Woodford Investment Management
In April 2014, Woodford left his role as Head of UK Equities at Invesco Perpetual to set up Woodford Investment Management LLP.[7][8] In April 2015 he launched Woodford Patient Capital Trust, in a large listed investment trust.[9]
Following the success of the Woodford Equity Income Fund, it was revealed that Woodford Investment Management was looking to launch a second Equity Income Fund during 2016 with a higher yield target of approximately 4.5%. [10]
Honours
In 2012, Woodford was appointed a Commander of the Order of the British Empire (CBE) in the 2013 Birthday Honours for services to the economy.[11] In July 2016, he was awarded an honorary fellowship by the London Business School.[12]
References
- ↑ "Neil Woodford | Fund Manager Fact Sheet | St James's Place, Woodford Investment Management LLP, Old Mutual Global Investors". Citywire.co.uk. Retrieved 2015-04-29.
- ↑ "Woodford Investment Management LLP". Companies House. Retrieved 25 February 2016.
- 1 2 Invesco Perpetual Income Fund, Invesco Perpetual
- ↑ Invesco Perpetual High Income Fund, Invesco Perpetual
- ↑ Invesco voices concern over BAE tie-up, Financial Times, October 8, 2012
- ↑ Campbell, Peter. "Fund guru Neil Woodford slams Labour's energy prices policy". Thisismoney.co.uk. Retrieved 2015-04-29.
- ↑ Jackson, Gary. "Neil Woodford unveils new venture | News". Fundweb.co.uk. Retrieved 2015-04-29.
- ↑ Lobo, Dylan (2014-06-25). "Woodford raises record £1.6 billion for new fund - Citywire Money". Citywire.co.uk. Retrieved 2015-04-29.
- ↑ "Buyers send Woodford's Patient Capital Trust to instant premium". The Telegtaph. 21 April 2015. Retrieved 13 June 2015.
- ↑ "Second Woodford Equity Income Fund planned - FundsandShares.co.uk". FundsandShares.co.uk. 2016-06-08. Retrieved 2016-06-11.
- ↑ The London Gazette: (Supplement) no. 60534. p. 9. 15 June 2013.
- ↑ https://www.london.edu/news-and-events/news/lbs-honours-olivier-blanchard-and-neil-woodford-1011