Why investors should be wary of star managers December 12, 2018 For a long time, it seemed like Neil Woodford could do no wrong. That was until 2017, when the UK’s best known fund manager seemed to lose his magic touch – and since then, the returns from his three popular funds have been struggling. His flagship Woodford Equity Income fund has lost investors almost 10 [...]
Eve Sleep shares plummet after investors buy in for a discount in £15m fundraising round December 6, 2018 Mattress retailer Eve Sleep’s shares dropped by as much as 16 per cent this morning after it announced investors were buying shares at a discounted price during a £15m fundraising round. The e-commerce specialist said investors had committed to just under £10m of funding, with fund manager Neil Woodford promising £8m, the company’s chairman Paul Pindar adding £1m, [...]
Retail estate landlord New River Reit posts drop in asset value as high street woes worsen November 21, 2018 Real estate giant New River Reit saw the value of its assets dip in the six months to September, in a further sign of the tough challenges facing landlords on the high street. Net assets totalled £864m in September this year, marking more than a three per cent drop from March, while funds from operations [...]
Star trader Neil Woodford sells an estimated £1.4bn of shares in six months November 11, 2018 Top fund manager Neil Woodford has reportedly sold £1.4bn of shares in the last six months. The ex-Invesco star trader has sold down positions in companies such as pharma business Astra Zeneca, brickmaker Forterra and travel website Hostelworld. According to estimates from the Sunday Times, Woodford’s selling spree totals £1.4bn since the end of March. [...]
Veteran investor Terry Smith’s new Smithson Investment Trust breaks records with £822m launch October 17, 2018 Veteran investor Terry Smith's new small and mid cap investment trust has raised £822.5m, breaking records for the UK's biggest trust launch. The Smithson Investment Trust initially targeted £250m before more than doubling its goal to £600m with the option to increase to £900m, and has knocked Neil Woodford's Patient Capital Trust off the top spot. It will start trading [...]
Neil Woodford’s Patient Capital Trust pays off as it invests three-quarters of IPO funds August 11, 2015 Given his success at Invesco, the decision by star fund manager Neil Woodford launch a solo venture was always going to have a risk attached – but it looks like it paid off, after his new fund, Woodford Patient Capital Trust, posted results showing it had already invested more than three quarters of the £800m [...]
Neil Woodford’s new fund surpasses Invesco Perpetual Income in fund size August 5, 2015 Just over a year after star fund manager Neil Woodford left Invesco to set up his new fund, Woodford Equity Income has overtaken the fund he previously managed in fund size. Launched in 2014, the fund is now worth £6.74bn in size to the end of July compared to Invesco Perpetual Income’s size of £6.45bn [...]
Neil Woodford’s Patient Capital Trust and Rothschild-backed Augmentum Capital lead £10m investment into crowdfunding platform Seedrs July 30, 2015 Star fund manager Neil Woodford and a venture capital fund backed by Lord Rothschild have led a funding round into online crowdfunding platform Seedrs, valuing the business at £30m. Woodford's Patent Capital Trust and Augmentum Capital said they will invest £7.5m into London-based Seedrs. The company will raise an additional £2.5m by targeting existing shareholders and other individual investors [...]
Neil Woodford-backed challenger Atom gets thumbs-up from regulators June 24, 2015 A mobile-based bank backed by City superstar investor Neil Woodford and launched by a founder of Metro Bank has been granted a banking licence, it said this morning. Durham-based Atom, launched by former Metro Bank chairman and First Direct chief executive Mark Mullen, will launch as a mobile app at first, with a desktop version [...]
Neil Woodford’s Patient Capital investment trust slapped with a “sell” rating by broker Stifel June 23, 2015 Neil Woodford's Patient Capital Trust has been slapped with a "sell" rating by broker Stifel Funds, which warned its share price has leapt ahead of its net asset value (NAV), or the trust's underlying value. Stifel analyst Iain Scouller said the trust's share price had jumped by 16 per cent since May, but just 4.3 per [...]