Woodford gained an Economics degree from Exeter University and then studied Finance at the London Business School. He began his career in 1981 with Dominion Insurance, moving to TSB’s corporate finance department in 1984. He moved back into investment management in 1986 with Eagle Star before moving to Perpetual in 1988. There he took responsibility for the UK team’s income funds, later becoming Head of Investment. He left Invesco Perpetual in April 2014, forming Woodford Investment Management in May 2014.
Neil Woodford has 28 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.29%.
During the worst period of relative performance (from January 2009 - January 2011) there was a decline of 22% relative to the index. The worst absolute loss has been 30%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.
|Periods of worst performance
(May 2007 - March 2009)
(January 2009 - January 2011)