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,
Citigroup 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.
 
Edited by:
Tommy Fernandez
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