So, maybe it isn’t such a big deal after all.
When Neil Woodford announced in October
that he was leaving Invesco
, investors were initially worried. Now that it is public knowledge that Woolford is joining Oakley Capital Management to launch an asset management arm
, some are breathing a sigh of relief.
Indeed, according to Barron’s
analyst William Katz
dubs the move an “early Christmas Present” for Invesco. His reasons, the Oakley’s small size means it will take a while before Woolford can build up significant AUM, and will makes it less likely he will develop a retail platform.
Read more in Barron’s
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