Richard Woolnough
M&G fund manager
Richard Woolnough is a fund manager M&G Investments, the fund management arm of Prudential in the UK. In 2014, he became the highest paid person in the company, earning at least £15.3m in pay and bonuses, compared with the £11.8m earned by the then chief executive Tidjane Thiam. Born in Chesterfield, he began his career at M&G before working for Lloyds Merchant Bank, Italian insurer Assicurazioni Generali, Old Mutual and SG Warburg. Woolnough runs three funds at M&G Investments - which manages £35bn on behalf of Prudential policyholders and investors - one of which includes his £21bn Optimal Income fund.
Bonds
Last week Bill Gross quit PIMCO - the firm he founded - to join Janus Capital in a move which had ramifications for many investors. Now as outflows on his PIMCO Total Return fund mount, where should investors turn?
02 October 2014
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3 min read
Bonds
UK gilts are the best value they have ever been compared to German bunds, M&G's Richard Woolnough has said.
03 September 2014
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Bonds
M&G's Richard Woolnough has said the spectre of deflation emerging across Europe is a positive in the current environment, adding central banks should be comfortable with this development.
08 April 2014
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Investment
M&G's fixed income manager Richard Woolnough was paid £17.5m last year, according to reports, a figure more than double that of the CEO of parent company Prudential.
03 April 2014
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Bonds
M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.
05 March 2014
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Bonds
The tapering of bond purchases in the US will not lead to interest rate rises, and could in fact prolong record low rates, M&G's Richard Woolnough has said.
22 August 2013
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Investment
The board of the New Star investment trust - now run by John Duffield's Brompton Asset Management - has predicted a pull-back in markets following the recent run higher.
26 February 2013
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Bonds
M&G's Michael Riddell has put 10% of his International Sovereign Bond fund portfolio in Italian government bonds in anticipation of a fresh liquidity injection from the European Central Bank.
30 July 2012
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Bonds
M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.
10 July 2012
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1 min read
