Woodford Could Be Replaced on Patient Capital as he Sells 60% of His Stake

The Board of Patient Capital Trust reveals it could replace Neil Woodford as manager of the trust, as it emerges the manager has sold 1.75 million shares 

Holly Black 29 July, 2019 | 9:51AM

woodford

Neil Woodford could be sacked from running his investment trust after the board revealed it had held discussions with other fund groups about managing Woodford Patient Capital Trust (WPCT).

The Board says it is closely monitoring the situation at Woodford Investment Management after it suspended trading in its flagship Woodford Equity Income fund eight weeks ago.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Woodford Patient Capital Trust25.50 GBX0.00

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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