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"Neil is as passionate on the unquoted asset class as ever but having listened to feedback from clients we believe that moving the exposure to the asset class via a collective fund rather than individual unquoted stocks makes sense - both operationally and from an investor view," Woodford Investment Management's Craig Newman
Woodford Investment Managers has announced plans to switch exposure to unquoted stocks in its £4.6bn Equity Income fund in favour of buying shares in the £691m Woodford Patient Capital Trust, also run by Neil Woodford.
The firm said it has already sold some of the unquoted stocks previously featured in the open-ended Equity Income fund, to buy shares in Patient Capital. In a statement, Woodford IM said the move has...
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