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WCM Partners relationship manager Kristian Penttila has left Neil Woodford’s new venture just one year after he joined.

As his firm swings to £6m loss in what looks set to be its final full-year accounts Neil Woodford and his right-hand man Craig Newman pocketed a £1.5m ($2m, €1.7m) payout in the months before his eponymous equity income fund shuttered and sparked the collapse of his funds empire.   Latest filings from Companies House show Woodford and his business partner helped themselves to one last interim dividend for the period covering April 2019 to March 2020 as their venture Woodford Investment Management swung to a loss and was forced to close.  The interim dividends were paid...

Industry dissects the many unknowns of Neil Woodford’s comeback Fallen manager’s shocking return to the investment industry has left many questioning the wisdom of his decision to rise from the ashes “Astonishing”, “a grave insult to investors”, “everything about it smells wrong”. These are just a few of the choice phrases used to describe Neil Woodford’s shocking comeback to in­vestment management. Once dubbed the ‘Oracle of Oxford’ but now known as one of the UK’s most infa­mous fund managers, Woodford grabbed headlines once again when he revealed to The Telegraph...

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