Schroders to Take Over Woodford Patient Capital Trust

The Board of Woodford Patient Capital Trust has confirmed that Schroders will take over managing the trust from Neil Woodford by the end of the year

Holly Black 24 October, 2019 | 8:42AM

schroders

Neil Woodford’s Patient Capital Investment Trust (WPCT) will be taken over by Schroders, it has been confirmed. Shares in the beleaguered trust leapt more than 14% as the market opened to the announcement this morning and are now up 30%.

It comes just days after embattled manager Neil Woodford resigned from the running of the trust and revealed he would close his business Woodford Investment Management.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Schroder UK Public Private Trust plc26.70 GBX2.69

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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