Neil Woodford has returned to wealth management 16 months after the collapse of Woodford Investment Management with the launch of a new investment firm. Woodford will take up the position of chief investment officer at WCM Parners, which is based in Jersey. The new company 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). Clifford Press, CEO of Acacia, said: "Neil Woodford has financed an extraordinary number of British life-sciences companies over the last 20 years...
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