Woodford Investment Management (WIM) is to take a 15% performance fee of any excess returns above the 10% annual return target on its Patient Capital investment trust.
The trust will charge no annual management fee alongside this charge, a move the company said will align manager Neil Woodford's interests with shareholders. WIM said the performance fee will be subject...
Javid's first fiscal announcement
'Misunderstood our profession'
Newly created role
No direct replacement planned
Could be delayed by general election