Veteran investor Neil Woodford will not earn any fees on his Patient Capital investment trust, after holdings in healthcare and volatile stockmarkets have dragged down the value of its listed investments in the first year.
The trust was set up last April and the firm said it would only charge 0.1% to cover the bare minimum of costs, with no other recurring charges. However, it would take a performance fee when the fund...
'Truly making a difference'
Avoidance, evasion and non-compliance
From 6 April 2019
Marcus Brookes appointed CIO