Wise Funds offloads Woodford Patient Capital stake
Lessons learnt
Wise Funds' Vincent Ropers apologised to investors
Wise Funds said it has sold its holding in Woodford Patient Capital and apologised to investors in its TB Wise Multi-Asset Growth fund for the 1.8% of performance the investment cost since it was bought in March 2018.
Vincent Ropers, manager of the Wise fund, said it decided to liquidate its entire holding in WPCT on Tuesday (15 October) afternoon after the winding up of the Woodford Equity Income fund (WEIF) "significantly...
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