Disgraced Fund Manager Woodford Plans New Investment Firm
- Once-feted stockpicker will now target professional investors
- Administrator defends decision to suspend fund in 2019
Neil Woodford
Source: Woodford Investment Management
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Fund manager Neil Woodford plans to start a new firm, as the once-feted investor looks to bounce back from a dramatic fall from grace.
Woodford will be the chief investment officer of Woodford Capital Management, according to an emailed statement from a spokesperson. The firm will not serve mom-and-pop investors and will focus on the biotech sector, including investments that were once held in his now shuttered flagship fund.