fbpx

Neil Woodford’s new office in King George II’s mansion

Neil Woodford’s new office in King George II’s mansion

Neil Woodford is setting up his new office in a grand Buckinghamshire mansion where King George II once lived. While investors who entrusted the

Sports Direct boss Mike Ashley offers Topshop owner Philip Green a £50m lifeline to stop retail empire collapse
Walkers Christmas advert 2020 featuring LadBaby and Gary Lineker stealing sausage roll crisps
John Lewis Christmas Advert 2020 LIVE – Lewis Capaldi’s HILARIOUS reaction to Give a Little Love ad has fans in stitches

Neil Woodford is setting up his new office in a grand Buckinghamshire mansion where King George II once lived. 

While investors who entrusted the disgraced stock-picker with their savings have lost more than £1billion, the once-feted fund manager will be rebuilding his career from Grade I-listed Marlow Place, described as the town’s ‘most flamboyant house’ by the local preservation society. 

With its bright white cornicing and wood-panelled rooms, it is in stark contrast to the dull Oxford business estate from which Woodford ran his former investment empire. 

Lording it up: Neil Woodford and the Grade-I listed Marlow Place

Lording it up: Neil Woodford and the Grade-I listed Marlow Place

Lording it up: Neil Woodford and the Grade-I listed Marlow Place

According to commercial property consultants Exeid, which manages the building, other offices for let in the five-storey Marlow Place range from a 600sqft loft with space for eight desks and costs £4,000 per month, to a 250 sqft office for four desks costing £1,600 per month. The distillery of local spirit-maker Marlow Gin is in the mansion’s outbuildings. A spokesman for Woodford declined to comment on the office, or how much space was being rented. 

The site is a throwback to Woodford’s early days as an investment manager at Perpetual, now part of Invesco, which then operated from the Grade II-listed Old Rectory in Henley. Woodford built his reputation over 25 years at Invesco. But he left to set up Woodford Investment Management with his right-hand man Craig Newman in 2014. The firm collapsed in 2019, after a run of poor performance which led to the implosion of his £3.7billion Equity Income Fund. 

Flamboyant: King George II

Flamboyant: King George II

Flamboyant: King George II

Last weekend, he angered savers still smarting from his mistakes by announcing an audacious comeback. His new firm, WCM Partners, will be based in Jersey, though the main office will be in Marlow Place. 

Rather than pulling in money from ordinary savers, it will target professional and ultra-wealthy investors as it aims to build a portfolio of biotech stocks. 

Jersey’s financial regulator said this week that it was ‘disappointed’ to see Woodford unveiling his plans to base his business on the island when he hadn’t even made an application for authorisation yet. 

UK regulator the Financial Conduct Authority said WCM would have to seek it authorisation if it wanted to do any business in the UK, and it would consider the ‘fitness of its management’ before granting approval.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS:
%d bloggers like this: