Woodford Patient Capital shares fall 1.7%

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LONDON (Reuters) – Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management’s only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported it may drop Neil Woodford as manager.

Woodford Investment Management suspended its flagship 3.7 billion pound ($4.71 billion) unlisted fund last week.

WPCT is meeting investors this week and no decision has been made about the management of the fund, according to a source familiar with the matter.

Reporting by Carolyn Cohn, editing by Huw Jones

Our Standards:The Thomson Reuters Trust Principles.

2019-06-12 07:17:47

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