Proactive Investors - Run By Investors For Investors

Neil Woodford back in the game as he joins Oakley Capital

Neil Woodford back in the game as he joins Oakley Capital

Neil Woodford, Britain’s best-known fund manager, has returned to the fold with Oakley Capital Management to set up his own asset management business.

In October, Woodford quit Invesco Perpetual, where he managed more than £20bn of ISAs, pensions and other money, after 25 years.

His shock departure saw a flood of money disappear from Invesco Perpetual’s two star funds: Invesco Perpetual High Income and Invesco Perpetual Income.

Woodford will set up a standalone asset management business at Oakley when he joins in May.

Oakley Capital Management has a stake in AIM-listed Oakley Capital Investments (LON:OCL), which holds an interest in Time Out magazine and was founded by web entrepreneur Peter Dubens.

Invesco is Oakley Capital Investments' largest shareholder with a 32% stake.

“I am delighted Neil is joining and we fully support his desire to create his own transformational asset management business soon after joining Oakley Capital,” Dubens said.

“We will fully support the transition and in the meantime we will provide an environment in which Neil can have the autonomy and flexibility to best serve the interests of clients.”

Oakley Capital Investments shares were up 6% at a record high of 184p.

View full OCL profile View Profile

Oakley Capital Investments Limited Timeline

Related Articles

December 05 2018
“I think we’re a different generation of bank that is a lot quicker on our feet, a lot quicker at reacting to what customers want and are a lot more attractive to the savings market,” PCF boss Scott Maybury said
March 12 2019
"Over the past 25 years, S&U has consistently demonstrated its ability to adapt to the kinds of economic and political uncertainty we all currently face," said chief executive Anthony Coombs.
CSE head office in Toronto
January 01 2019
Capital raised on the CSE set to increase over 500% by the end of 2018

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use