Disgruntled investors are gearing up to demand a boardroom shake-up at the listed trust run by Neil Woodford.
Seneca Investment Managers, a Liverpool-based hedge fund, is understood to have approached other institutional shareholders to force changes to the five-person board at Woodford Patient Capital. The group, which has sold shares in Patient Capital in recent days, received support from other shareholders to approach turnaround experts to push through its plan, which a source said amounted to “shareholder action”.
Disgruntled investors are gearing up to demand a boardroom shake-up at the listed trust run by Neil Woodford.
Seneca Investment Managers, a Liverpool-based hedge fund, is understood to have approached other institutional shareholders to force changes to the five-person board at Woodford Patient Capital. The group, which has sold shares in Patient Capital in recent days, received support from other shareholders to approach turnaround experts to push through its plan, which a source said amounted to “shareholder action”.
Click here to read the full article (£)
