James Baxter-Derrington reviews the difficulties beleaguered manager Neil Woodford and Woodford Investment Management have encountered over the course of 2019.
9 January Woodford Investment Management (IM) announced total profits for the year to the end of March 2018 of £33.7m, according to accounts posted on Companies House. 8 February Woodford Equity Income (WEIF) entered Bestinvest's Spot the Dog list of ‘dog funds' for the first time due to its underperformance. It was one of 111 funds on the list. 1 March Woodford IM announced plans to switch exposure to unquoted stocks in its then £4.6bn Equity Income fund in favour of shares in the £691m Woodford Patient Capital trust (WPCT). MSCI: 85% of Woodford's portfolio was illiquid ...
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