Neil Woodford leaving Invesco

Neil Woodford, who manages a number of funds for the fund management firm Invesco Perpetual, has announced that he will be leaving in April 2014 to set up his own fund management company.

Neil is probably the best known and most successful fund manager in the UK, looking after £30billion of assets. He became famous for refusing to buy into the “dot com” bubble of the late nineties, as well as warning of the high levels of property debt being built up in the banking system prior to the financial crisis in 2008. He has worked for Invesco Perpetual for over 25 years.

We have a number of clients invested in funds currently managed by Neil Woodford, and we will be monitoring these funds closely over the coming months. Invesco have stated that there will be a six month transition period, during which the fund management will be handed over to other managers who have already been involved with the funds for many years. It is unlikely there will be any major disruption to the management styles, although there may be some withdrawal of funds.

If you have any concerns about the change then please get in touch.

The value of your investment can go down as well as up and you may not get back as much as you originally invested.

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