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Arguably, there is no clear justification or mechanism for giving the money back
The cult of personality in the fund manager is over in retail investment
Investment trust is leaving him little to do but sell holdings and repay debt
Woodford Patient Capital Trust steps up talks with rival investment managers
Growing chorus to sack Patient Capital manager after latest writedowns
Latest development deals further body blow to UK stockpicker Neil Woodford
US bank to have final say on investment choices under new terms of £150m overdraft
Steven Harris to step down from Woodford Patient Capital in latest shake-up
Move prompted by ‘reassessment of the current progress of the business’
Commitments upon commitments.
The investment manager might have to stump up £45m, but how?
Manager’s investment trust does not have same problems as equity income fund
Investors in £3.5bn flagship income fund locked in until December
Talk of a loan-book sale underlines how difficult it is to be a bank that takes on others
UK challenger bank says it plans to step up spending on technology and hiring
When $2bn becomes not $2bn.
Alphaville, again, spends far too long on Companies House.
Chicago bank cites ‘500% collateral’ but valuations under pressure
Trust managed by former star clamps down on his trading activity and revamps board
Backlash after Woodford gates its Equity Income fund
Woes compounded by difficulty of establishing value of underlying investments
Stopping withdrawals without protection can exacerbate problem, says Alex Brazier
Woodford Patient Capital has spoken to broker about ending fund manager’s contract
Thanks to Woodford’s fame, small investors piled into a fund unsuitable for many of them