August 23, 2019 / 1:13 PM / a month ago

BRIEF-Woodford IM says Burford Capital, Industrial Heat drove recent underperformance

Aug 23 (Reuters) - Burford Capital Ltd:

* WOODFORD INVESTMENT MANAGEMENT SAYS MORE THAN 80% OF THE PROCEEDS FROM SHARE SALES SINCE SUSPENSION HAVE BEEN REINVESTED IN FTSE 100 COMPANIES

* WOODFORD IM SAYS HAS UNDERPERFORMED BENCHMARK OVER LAST 28-DAY SUSPENSION PERIOD, DRIVEN BY SHARE PRICE DECLINE OF BURFORD CAPITAL AND INDUSTRIAL HEAT

* WOODFORD IM SAYS MACROECONOMIC DATA SUPPORTS ITS VIEW THAT THE GLOBAL ECONOMIC ENVIRONMENT IS NOT AS ROBUST AS EQUITY MARKETS ARE IMPLYING Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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