Director Changes at Woodford Patient Capital Trust

Steven Harris, who founded a firm that Woodford invested in will step down as non-executive director, to be replaced by Ruffer co-founder Jane Tufnell

James Gard 2 September, 2019 | 9:57AM
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Woodford Patient Capital Trust (WPCT), the closed-end fund run by under-fire manager Neil Woodford, has announced changes to its board.

Steven Harris, the founder of pet hair allergy firm Circassia Pharmaceuticals (CIR), is to step down as a non-executive director at the end of this month. Woodford invested a substantial stake in Circassia when he worked at Invesco and also when he set up Woodford Investment Management in 2014. According to Morningstar data, the trust no longer holds a stake in Circassia, but Woodford Equity Income held 0.55% of its portfolio in the firm (as at end of April, 2019). Invesco also holds stakes in Circassia via open-ended and closed-end funds.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Circassia Group PLC38.00 GBP0.00
Schroder UK Public Private Trust Ord34.67 GBP2.42Rating

About Author

James Gard  is content editor for