Woodford under the spotlight as his Patient Capital trust announces its first-half results

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Neil Woodford is expected to insist he is committed to his long-term investing approach


Woodford under the spotlight as his Patient Capital investment trust announces its first-half results

Neil Woodford will today be forced to defend his struggling investment empire.

In his half-yearly performance update for Woodford Patient Capital Trust, the 59-year old is expected to insist he is committed to his long-term investing approach.

Shares in Patient Capital have halved in value since January and the trust trades at a 35 per cent discount to the underlying value of the assets it holds.

Neil Woodford is expected to insist he is committed to his long-term investing approach

Woodford’s performance is overseen by an independent board which is now under pressure to axe the fund manager. 

Woodford has been criticised for collecting £7.8million in fees since savers were frozen out from his flagship Equity Income fund on June 3.

 

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