Only one manager in the UK could hit the headlines by purchasing a stake in a company which equated to just 0.067% of his total funds under management.
But this is exactly what happened to Britain's most popular fund manager Neil Woodford earlier this year, when he decided to take a bet on the future prosperity of one of the world's most controversial countries, Zimbabwe. At just $20m, Neil Woodford's stake in AIM-listed Zimbabwean vehicle Masawara pales into insignificance to the large positions he runs in his giant Invesco Perpetual portfolios, a fact not lost on the manager. "I am surprised that the market has devoted so many column inches to a tiny investment in a Zimbabwean business, rather than devoting some column inches to, ...
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