LONDON May 8 Woodford Investment Management,
the new asset management company set up by "star" fund manager
Neil Woodford, said on Thursday that it planned to set up its
first fund on June 2.
The CF Woodford Equity Income Fund will be run by the
renowned investment manager, who announced in October that he
would leave Invesco Perpetual to set up his own fund.
The company said the fund would use the same investment
approach that Woodford has previously used, focusing on
companies offering "sustained dividend growth".
"I will run this new fund in the same way that I have always
run money, adopting the same philosophy and the same long-term
approach," said Woodford. "My passion and energy have never been
(Reporting By Jemima Kelly; Editing By Simon Jessop)