The United Kingdom’s most respected manager has invested nearly $40 million in low energy nuclear reaction (LENR) research and nobody noticed. Neil Woodford CBE invested £32 million ($39.94 million) of his clients’ money in Industrial Heat’s LENR research efforts, The Financial Times (Britain’s equivalent to The Wall Street Journal) reported.
Woodford is one of the most respected fund managers in the City of London. He placed .24% of his £9.4 billion ($11.73 billion) equity fund and 2.43% of his £761.4 million ($950.42 million) “patient capital fund” in Industrial Heat last year, Financial Times writer Kadhim Shubber noted. Strangely enough nobody in the city or the British media seemed to notice until now.
Industrial Heat is the company headed by Tom Darden that bought some of the rights to Andrea Rossi’s e-cat LENR technology. Industrial Heat and Rossi fell out after the company’s experts were unable to verify his claims. Rossi is now suing Industrial Heat for breach of contract, and Industrial Heat is suing him in federal court in Miami.