Investment manager Neil Woodford to set up new firm

Launch – and public apology – comes two years after implosion of his last venture following bets that went wrong

Neil Woodford has announced plans for a new investment business and issued a public apology over the implosion of his last venture less than two years ago following a string of bets that went wrong.

In one of the most dramatic attempts at a boardroom comeback in recent history, the former star fund manager said he planned to open a new firm – WCM Partners – which would be based in Jersey and Buckinghamshire.

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