Woodford Investment Managers has announced plans to switch exposure to unquoted stocks in its £4.6bn Equity Income fund in favour of buying shares in the £691m Woodford Patient Capital Trust, also run by Neil Woodford.
The firm said it has sold some of the unquoted stocks to Patient Capital. In a statement, Woodford IM said the move has been made ahead of any potential regulatory changes following the Financial Conduct...
Unnamed company valuation reduced
Not 'acting proactively on behalf of shareholders'
Trust ejected nearly a year after re-entry
Brings number of stockpickers to nine.