Shares in Neil Woodford’s Patient Capital Trust closed at a record low of 58p on Friday, having lost a fifth of their value since the fund manager blocked investors’ access to his flagship equity income fund nearly two weeks ago.
As the crisis at Woodford Investment Management deepens, investors have vented their fury at not being able to withdraw their money, calling on regulators and MPs to persuade Mr Woodford to drop his management fee for as long as the fund remains inaccessible.
Mr Woodford halted trading in his equity income fund on June 3 after Kent County Council notified the fund’s supervisor Link Fund Solutions that it wanted to pull its £263m stake.
The council’s decision followed...
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