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Lansdown renews interest in Invesco

Hargreaves Lansdown has put Invesco Perpetual back on its buy list after the company moved to quash speculation about the futures of fund managers Neil Woodford, Paul Causer and Paul Read.

Lock-ins affecting the three managers, who were with Perpetual before the merger, were due to expire this year but they have all agreed new long-term contracts believed to be for five years.

Woodford manages the Income funds with £5bn under management, while Causer and Read manage the corporate bond fund.

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