Woodford Investment Management is closing down after Neil Woodford stepped down as manager of the Woodford Patient Capital trust (WPCT).
In an RNS announcement today (15 October), the board of WPCT said "in light of recent events" WIM had "served notice of termination in relation to its role as portfolio manager". The decision by WIM followed an announcement by Link Fund Services, ACD of the open-ended Woodford Equity Income fund (WEIF), earlier today that the gated fund would be wound up and WIM had been removed as manager of the vehicle. The move prompted analysts to warn investors in WPCT the trust could also see Woodford removed as manager. Woodford criticises Link's decision to wind up Equity Income fund The bo...
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