Too soon to ditch Neil Woodford but Patient Capital’s board needs a shake-up

By Nils Pratley Investors ought to tell the directors: move aside and get some independent faces in the boardroomThe five directors of Woodford Patient Capital Trust would like to remind the world that they exist. It’s been hard to tell the past week.The board of the investment trust employs Neil Woodford to manage £800m of assets but, as crisis engulfed their top man at his separate Equity Income fund, nothing was heard from Patient Capital, a FTSE 250 company in its own right. But then we get a four-paragraph update for shareholders. Continue reading…

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