Fund manager Neil Woodford will launch Woodford Investment Management
Laura Chesters25 April 2014
There was more good news for serial investor Peter Dubens today with soaring returns from his private equity fund Oakley Capital Investments.
Oakley reported net asset value of £2 a share for 2013, up 10.5% from £1.81 the previous year.
Net assets increased by 8.5% to £246.9 million. Oakley invested in two funds, Fund II LP, which backed sailmaker North Sails, and Fund I LP, which counts Time Out London and New York among its assets.
Dubens’ Oakley Capital Management will welcome stockpicking star Neil Woodford, who will launch Woodford Investment Management, with more than £3.6 billion under management including funds from wealth manager St James’s Place, to the fold at the end of the month.
