Schroders to take charge of Woodford investment trust

Eugenia Jiménez
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Neil Woodford, former portfolio manager of the WPCT
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Neil Woodford, former portfolio manager of the WPCT

Schroders has announced it will be taking charge of the Woodford Patient Capital Trust (WPCT) after former star stock picker Neil Woodford's abrupt exit last week. The UK star fund manager had resigned from the trust earlier this month after his flagship Equity income fund was closed by its administrator. Schroders said it has agreed terms with the Board of Woodford Patient Capital Trust to become the portfolio manager of the trust by the end of the year, and that the vehicle will be re...

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Eugenia Jiménez
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Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.