Woodford urges unquoted holdings to 'demonstrate value' in performance turnaround bid - reports

Conversation with BMO manager

clock
Neil Woodford
Image:

Neil Woodford

Renowned fund manager Neil Woodford is urging the management of the unquoted positions he holds in his Woodford Patient Capital Trust (WPCT) to put themselves up for sale or list their businesses, as he bids to turn around his fund range performance.

A report in The Telegraph said Woodford had told Peter Hewitt, manager of the BMO Managed Portfolio Trust, which has a position in WPCT, that he had communicated to his positions "they needed to take action...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Sarah Godfrey of the Edison Group

Trust discounts widen in 2021 as post-Covid euphoria is hit by new variants

Positives and negatives

clock 21 January 2022 • 4 min read
Peel Hunt: Seven alternative trusts for growth

Peel Hunt: Seven alternative trusts for growth

Threshold of a yield below 3%

clock 20 January 2022 • 1 min read
Numis said the US Dollar debt will also act a partial currency hedge

Scottish Mortgages raises $400m through private placement

To maintain appropriate level of gearing

clock 20 January 2022 • 2 min read
Trustpilot