Both Woodford Investment Management and Invesco Perpetual – through its Mark Barnett-led UK equity team – are majority shareholders in the Boston-based firm that invests in early-stage start-ups with the ultimate aim of floating the companies.
Bloomberg data shows Invesco Perpetual is the largest holder in the FTSE 250 listed IP firm, with a 29.55% stake in the company, followed by Woodford’s investment firm, which owns 26.43%.
The stock also appears in the top 10 holdings of Woodford’s Patient Capital Trust (3.39% as at 31 January) and is held by his £10bn Equity Income fund.
Although in updates to shareholders this year, Woodford admitted Allied Minds has been a “detractor” on the equity income fund’s performance, historically, he has been a staunch defender of the firm.
And as recent as January, he highlighted the stock as one of the fund’s stronger performers of 2016.
Despite this, there have been several red flags, hinting to turmoil at Allied Minds.
