Shareholders in Woodford Patient Capital trust (WPCT) should be prepared for their investment to suffer the same fate as those unitholders of the Woodford Equity Income fund (WEIF), according to analysts.
Link Fund Solutions announced on Tuesday (15 October) WEIF would be wound up, with the management of the fund passing from Woodford Investment Management (WIM) to BlackRock, for the listed assets, and Park Hill Partners, for the unlisted assets. The two management firms have been appointed to oversee an orderly realisation of the assets in their respective portfolios, with the proceeds being returned to investors. And investment company analysts have stated their belief that the same will become of WPCT. Stifel's analysts recently produced a note for clients outlining their preference...
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