Woodford to run Openwork UK equity mandate

Openwork is pleased to announce the forthcoming launch of a UK equity fund to be managed by Neil Woodford of Woodford Investment Management.
Available to Openwork advisers in February 2016, the UK Income & Growth fund will be a bespoke mandate embracing the approach and style that has underpinned Neil’s successful 30-year career.
The fund, which will take positions in both listed and unquoted companies across the UK, will form part of Openwork’s investment proposition Omnis, which offers multi-asset model portfolios built with sector funds run by groups including Schroders, Jupiter and Threadneedle.
The Omnis UK Income & Growth fund will only be available to Openwork advisers through their platform relationships.
Philip Martin, Marketing Director at Openwork, says: “We know that Woodford Investment Management has been inundated with requests to manage money and we are absolutely delighted that they have chosen to partner with Omnis.
“It is a real validation of the scale of Openwork that we can form a long-term partnership with the UK’s most celebrated fund manager and we look forward to working with Neil and his team to grow the fund and deliver positive outcomes for customers.”
Craig Newman, Chief Executive at Woodford Investment Management, says: “We look forward to working with Openwork and creating a fund capable of delivering the outcomes its clients seek.”