MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 23, 2013 Is Woolford’s Invesco Departure an “Early Christmas Gift?" 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. Printed from: MFWire.com/story.asp?s=47167 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |