Investment manager Neil Woodford to set up new fund

Launch comes two years after implosion of his latest company following bets that went wrong

The investment manager Neil Woodford has revealed plans to launch a new fund less than two years from the implosion of his last company following a string of bets that went wrong.

In a dramatic return for the former star stock picker, Woodford plans to open a new investment firm, Woodford Capital Management Partners, which would be based in Jersey and focus on managing money from professional investors rather than retail clients.

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