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Woodford's listed fund refreshes board and prepares to slash debt

Jun 29, 2019 - The Daily Telegraph (London)
Board and Executive Moves

NEIL WOODFORD'S listed business has set out plans to reduce debt and rejig its board in an attempt to soothe investor concerns after his flagship fund was frozen.

Mr Woodford, Britain's best-known fund manager, stunned the City earlier this month when he suspended his main fund following sustained outflows.

In an attempt to ease shareholder fears, Woodford Patient Capital Trust, whose value has plunged since Mr Woodford's fund was suspended, said it was making a number of changes aft...