Woodford under the spotlight as his Patient Capital investment trust announces its first-half results
Neil Woodford will today be forced to defend his struggling investment empire.
In his half-yearly performance update for Woodford Patient Capital Trust, the 59-year old is expected to insist he is committed to his long-term investing approach.
Shares in Patient Capital have halved in value since January and the trust trades at a 35 per cent discount to the underlying value of the assets it holds.
Neil Woodford is expected to insist he is committed to his long-term investing approach
Woodford’s performance is overseen by an independent board which is now under pressure to axe the fund manager.
Woodford has been criticised for collecting £7.8million in fees since savers were frozen out from his flagship Equity Income fund on June 3.