Funds News 

LF Woodford Equity Income swaps unquoteds for Woodford Patient Capital

LF Woodford Equity Income swaps unquoteds for Woodford Patient Capital

High-profile manager Neil Woodford has sold five of LF Woodford Equity Income Fund's (GB00BLRZQB71) unquoted holdings, with a value of £72.9m, to Woodford Patient Capital Trust (WPCT) in exchange for shares in the trust worth 9 per cent of its market cap. The trust now accounts for 1.45 per cent of LF Woodford Equity Income's assets.

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