Neil Woodford stock slashed 70% hitting fund and trust investors
Schroder UK Public Private Trust reckons the cash exit of unnamed investors means fundamentals not reflected in valuation
The valuation of a Neil Woodford stock has been slashed 70% in a venture capital deal hitting investors in the fallen star fund manager’s former flagship fund and investment trust.
A regulatory filing from the Schroder UK Public Private trust, previously the Woodford Patient Capital Trust, revealed its next valuation for net asset value at the year’s end will see the value of Ombu downgraded 71%, from £14m at the start of the quarter to £4m.
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