Neil Woodford returns with new firm targeting Acacia life sciences portfolio

Woodford to serve as CIO of WCM Partners

Mike Sheen
clock • 4 min read

Neil Woodford has returned 16 months after the collapse of Woodford Investment Management with the launch of a new investment firm, which is working alongside Acacia Research to “advise” on an illiquid and unlisted portfolio of life sciences companies once owned by the Woodford Equity Income fund (WEIF).

Woodford will serve as CIO of WCM Partners, which will be based in Buckinghamshire and Jersey, serving institutional and high-net-worth investors. Woodford investors potentially in limbo for further 12 months The Acacia life sciences assets were part of "Portfolio B" in the WEIF liquidation process, with a £223.9m agreement struck between the firm and specialist broker PJT Park Hill in June to package up 19 assets, including Theravance Biopharma, Oxford Nanopore and Rutherford Health. WCM said in a statement that the assets "will form the cornerstone of a new strategy to rebuild th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read
What have the UK's smaller companies ever done for us?

What have the UK's smaller companies ever done for us?

'Those that know where to look can unearth highly attractive opportunities'

Professional Adviser
clock 21 October 2024 • 4 min read