Neil Woodford has been appointed as an adviser by specialist fund manager Juno Capital, it has been reported.
Both he and his partner Craig Newman have been working with the firm to compile a portfolio of unquoted healthcare investments, City sources told Sky News over the weekend. It is unclear how long Woodford’s advisory role would last, according to Sky.
The move marks the fallen star manager’s first steps back into the industry, just over a year since his flagship equity income fund was shuttered.
Following the implosion of Woodford’s investment business, the UK’s Financial Conduct Authority investigated the ‘authorised corporate director’ – entities that provide regulatory and compliance infrastructures around funds and which can be outsourced.
Savers in Neil Woodford’s funds which were gated over liquidity issues have reportedly been left £450 million (€500.6 million) out of pocket and waiting for their cash to be returned.
Juno Capital describes itself as specialist alternative asset manager to a network of wealthy individuals and family offices. The firm targets asset classes such as venture capital, asset-backed fixed income and niche property.
Juno Capital has been contacted for comment.
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