Invesco’s farewell to £33bn man

Star investor Neil Woodford CBE is quitting Invesco Perpetual after 25 years to launch his own fund management business.
By The Newsroom
Published 16th Oct 2013, 01:01 BST

Mr Woodford is one of the best known and best performing fund managers in the UK.

He said: “My decision to leave is a personal one based on my views about where I see long-term opportunities in the fund management industry. My intention is to establish a new fund management business serving institutional and retail clients.”

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Mr Woodford manages £33bn on behalf of Invesco Perpetual. His responsibilities will transfer to a team led by Mark Barnett over the next six months.

Invesco manages £70bn across a range of asset classes.